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undefined On January 1, 2019, an investor bought 200 shares of Absaroka, Inc., for $55 per share. On January 3, 2020, the investor sold the
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On January 1, 2019, an investor bought 200 shares of Absaroka, Inc., for $55 per share. On January 3, 2020, the investor sold the stock for $60 per share. The stock paid a quarterly dividend of $0.47 per share. How much (in $) did the investor earn on this investment and, assuming the investor pays a tax rate of 15% on dividends and capital gains, how much will she pay in income taxes on this transaction? The amount (before taxes) the investor earned on this investment is $. (Round to the nearest dollar.)Step by Step Solution
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