P6.6 On January 1, 2010, an investor bought 200 shares of Gottahavit, Inc., for $50 per share.
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P6.6 On January 1, 2010, an investor bought 200 shares of Gottahavit, Inc., for $50 per share. On January 3, 2011, the investor sold the stock for $55 per share. The stock paid a quarterly divi- dend of $0.25 per share. How much (in $) did the investor earn on this investment, and, assuming the investor is in the 33% tax bracket, how much will she pay in income taxes on this transaction?
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Related Book For
Fundamentals Of Investing
ISBN: 9780136117049
11th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart
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