You purchased 1,000 shares of MutualMagic 1 year ago for $20.00 per share. During the year, you

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You purchased 1,000 shares of MutualMagic 1 year ago for $20.00 per share. During the year, you received $2.00 in dividends, half of which was from dividends on stock the fund held and half of which was from interest earned on bonds in the fund portfolio. Assuming your federal marginal tax rate is 25%, how much will you owe in federal taxes on the distributions you received this year? (Your answer should be in dollars.)
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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