Your traditional IRA account has stock of GFH, which cost $2,000 20 years ago when you were
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Your traditional IRA account has stock of GFH, which cost $2,000 20 years ago when you were 50 years old. You have been very fortunate, and the stock is now worth $23,000. You are in the 35 percent income tax bracket and pay 15 percent on long-term capital gains.
a) What was the annual rate of growth in the value of the stock?
b) What are the taxes owed if you withdraw the funds?
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a The price appreciation from 2000 to 23000 over twen...View the full answer
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