Barry Modin bought 750 of Gingridge LLC at a price of $ 41.35 about 5 years ago

Fantastic news! We've Found the answer you've been seeking!

Question:

Barry Modin bought750of Gingridge LLC at a price of $41.35about 5 years ago that sell for $60.00per share today. Barry pays capital gains tax at the rate of16%, and pays tax on dividends at the rate of33%.

Suppose the Gingridge pays a dividend per share of $2.50. How much of the total dividend paid by the company to Barry will he get to keep?

Posted Date: May 19, 2024 08:00 PM

See More Questions

Assume that when human resource managers are randomly selected, 57% say job applicants should follow up within two weeks. If 9 human resource managers are randomly selected, find the probability that...
If 61.5 L of oxygen at 18.0C and an absolute pressure of 2.45 atm are compressed to 38.8 L and at the same time the temperature is raised to 56.0C, what will the new pressure be?
The collision between a hammer and a nail can be considered to be approximately elastic. Calculate the kinetic energy acquired by a 7.2-g nail when it is struck by a 450-g hammer moving with an...
Using the information from Exercise E5.1 prepare a statement of cash flows for Candyfloss for the first six months of the year 2010, using the indirect method. data Exercise E5.1 Candice-Marie James...
Use the Time/Space Collaboration and Social Tool Matrix to classify the collaboration and social technologies used by TELUS.
Suppose an urn has six balls, three red, two blue, and one yellow. On any draw from the urn, all balls in the urn are equally likely to be drawn. Suppose that two balls are drawn, in sequence without...
Have you ever been particularly impressed or unimpressed with the way a company handled its recruiting of you? If so, were there any spillover effects?
What is a relative rate test, and how is it used to construct a primate phylogeny?
The SEC enforces all of the following except A. Investment Advisers Act of 1940. B. McCarran-Ferguson Act of 1945. C. Sarbanes-Oxley Act of 2002. D. Securities Act of 1933.
A central bank wishes to reduce inflationary expectations by increasing interest rates. Use the ISMP model to analyze the effect on the economy of such a move.
How do relative and chronometric dating techniques differ? What are some of the different methods?
The Investment Advisers Act of 1940 exempts certain entities and individuals from registration as an investment adviser. Which of the following is not excluded? A. Bank. B. Bank holding company. C....
Compare the arrangement of two pairs of leaves on the Coleus plant. How is the upper pair oriented in relation to the lower pair of leaves? The upper pair is at a right angle to the lower pair The...
For a Poisson process of rate , the Bernoulli arrival approximation assumes that in any very small interval of length , there is either 0 arrivals with probability 1- or 1 arrival with probability ....
Bristol-Myers Squibb Company (BMS) engages in the discovery, development, license, manufacture, marketing, distribution, and sale of pharmaceutical and other health care products. Selected financial...
The Phoenix Company purchases a piece of equipment from the Anthem Company by issuing a three-year note with a face value of $$100,000$. The two companies sero agree that the interest rate on the...
Microsoft Corporation is a leading designer and retailer of PC software applications. In its 2012 annual report, the company disclosed that the European Union Competition Commission had opened an...

Barry Modin bought 750 of Gingridge LLC at a price of $ 41.35 about 5 years ago

Question:

Expert Answer:

Students also viewed these finance questions