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Sandra has diligently invested in Giant Oil Corporation for 20 years. Over that time, the stock has gone up and down in price, but Sandra

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Sandra has diligently invested in Giant Oil Corporation for 20 years. Over that time, the stock has gone up and down in price, but Sandra has continued to invest in it. Her average purchase price for each share of stock is $36.45. The stock is currently trading for $86.45 per share. Assume Sandra has a 15% long-term capital gains tax rate (capital gains taxes are covered in an earlier chapter). If Sandra owns 650 shares, what will be Sandra's long-term capital gains tax on her $50.00($86.45 - $36.45) per share gain? Sandra's long-term capital gain What will be her after-tax gain

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