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You took on leverage with your home purchase by placing 20% down and financing the rest of a $1M home. The housing market (and your
You took on leverage with your home purchase by placing 20% down and financing the rest of a $1M home. The housing market (and your home value) decreased by 15% over the last year. How much did your investment (your original down payment) decrease? 20% decrease 100% decrease 75% decrease Not enough information to tell You decide to invest in a municiple bond to build a park in your neighborhood that yields 5%. If your marginal tax rate is 30% what would be the equivalent corporate bond interest rate? 3.5% 6.5% 7% There is not enough information Steve purchases $4,524 of stock in 2018 . In 2022 , he decides to liquidate his stock at a value of $17,994. Steve earned enough income in 2022 to qualify for 15% capital gains tax as a single filer. How much does Steve need to pay in capital gains tax for 2022 ? (Hint: How is selling assets considered income?) Note: Please enter your answer without the "\$" symbol
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