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Required information [The following information applies to the questions displayed below] Five years ago, Kate purchased a dividend-paying stock for $10.000. For all five years,

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Required information [The following information applies to the questions displayed below] Five years ago, Kate purchased a dividend-paying stock for $10.000. For all five years, the stock paid an annual dividend of 4 percent before tax and Kate's marginal tax rate was 24 percent. Every year Kate reinvested her after-tax dividends in the same stock. For the first two years of her investment, the dividends qualified for the 15 percent capital gains rate; however, for the last three years the 15 percent dividend rate was repealed and dividends were taxed at ordinary rates: Note: Do not round intermediate calculations. Round your finol answers to the nearest whole dollar amount. What will Kates investment be worth three years from now (at the begining of year 9 ) assuming her marginal tax rate increases to 5 percent for the next three years

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