Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares ($ 40 per share) and long term capital gain distributions of 45 stock mutual fund shares ( also $ 40 per share). What are the tax consequences of Ronnie’s stock mutual fund ownership if he is in a 25% marginal tax bracket?
Answer to relevant QuestionsIn the past, some mutual funds often engaged in a practice called “afterhours trading” that allowed some of their larger shareholders to reap profits or avoid losses in a manner not available to all investors. To ...What is a call option? How does it work? What factors influence a portfolio’s risk? Explain. Chris purchased a call option on a stock for $ 200. The option gives him the right to purchase the stock at $ 30 per share until May 1st. On May 1st, the price of the stock is $ 28 per share. What is Chris’ return on the ...How would your answer to the sample portfolio part of question 3 be affected if Brad were a. 45 years old? b. 60 years old?
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