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Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares ($61 per share) and

Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares ($61 per share) and long-term capital gain distributions of 38 stock mutual fund shares (also $61 per share). What are the tax consequences of Ronnie's stock mutual fund ownership if he is in a 28% marginal tax bracket?

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