Sam scurry bought several hundred shares of annablecom at a, Ask an Expert

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Sam Scurry bought several hundred shares of annable.com at a price of $41.50 about 5 years ago that sell for $64.20 per share today. Sam pays capital gains tax at the rate of 21%, and pays tax on dividends at the rate of 33%.

Suppose that annable.com elects not to pay a dividend this year, and that Sam sells 23 shares of stock. How much of the total amount of proceeds from the sale will Sam get to keep?

Place your answer in dollars and cents without a comma or dollar sign. It is best to work your analysis out using at least four decimal places of accuracy. That is, allow your tax on capital gain per share to go beyond the second decimal place.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92751039

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