Question: Barry Modin bought 600 of Gingridge LLC at a price…
Barry Modin bought 600 of Gingridge LLC at a price of $41.75 about 5 years ago that sell for $68.40 per share today. Barry pays capital gains tax at the rate of 19%, and pays tax on dividends at the rate of 33%.
Suppose the Gingridge pays a dividend per share of $3.50. How much of the total dividend paid by the company to Barry will he get to keep?
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