On January 1, 2019, an investor bought 300 shares of Absaroka, Inc., for $62 per share. On January 3, 2020, the investor sold the stock for $69 per share. The stock paid a quarterly dividend of $0.31 per share. How much (in S) did the investor earn on this investment and, assuming the investor pays a tax rate of 15% on dividends and capital gains, how much will she pay in income taxes on this transaction? The amount (before taxes) the investor earned on this investment is $ (Round to the nearest dollar).
On January 1, 2019, an investor bought 300 shares of Absaroka, Inc., for $62 per share. On January 3, 2020, the investor sold the stock for $69 per share. The stock paid a quarterly dividend of $0.31 per share. How much (in S) did the investor earn on this investment and, assuming the investor pays a tax rate of 15% on dividends and capital gains, how much will she pay in income taxes on this transaction? The amount (before taxes) the investor earned on this investment is $ (Round to the nearest dollar).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:On January 1, 2019, an investor bought 300 shares of Absaroka, Inc., for $62 per share. On January 3, 2020, the
investor sold the stock for $69 per share. The stock paid a quarterly dividend of $0.31 per share. How much (in $) did
the investor earn on this investment and, assuming the investor pays a tax rate of 15% on dividends and capital gains,
how much will she pay in income taxes on this transaction?
The amount (before taxes) the investor earned on this investment is $
(Round to the nearest dollar)
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