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You purchased 1,000 shares of Pharoah stock five years ago for $30 per share. Today Pharoah is repurchasing your shares through a fixed-price tender offer

You purchased 1,000 shares of Pharoah stock five years ago for $30 per share. Today Pharoah is repurchasing your shares through a fixed-price tender offer for $65 per share. What are the after-tax proceeds to you if only your capital gain is taxed at a 15 percent rate?

After-tax proceeds $ ?

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