Barry modin bought 690 of gingridge llc at a price of 4175, Ask an Expert

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Barry Modin bought 690 of Gingridge LLC at a price of $41.75 about 5 years ago that sell for $61.50 per share today. Barry pays capital gains tax at the rate of 16%, and pays tax on dividends at the rate of 35%.

Suppose the Gingridge pays a dividend per share of $2.25. How much of the total dividend paid by the company to Barry will he get to keep?

Place your answer in dollars and cents without a comma or dollar sign.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92750960

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