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Sharon has diligently invested in Giant Oil Corporation for 2 0 years. Over that time, the stock has gone up and down in price, but
Sharon has diligently invested in Giant Oil Corporation for years. Over that time, the stock has gone up and down in price, but Sharon has continued to invest in it Her average purchase price for each share of stock is $ The stock is currently trading for $ per share. Assume Sharon has a longterm capital gains tax rate capital gains taxes are covered in an earlier chapter
If Sharon owns shares, what will be Sharon's longterm capital gains tax on her $$$ per share gain?
Sharon's longterm capital gain $
What will be her aftertax gain?
Aftertax gain $
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