Tax consequences rena purchased 200 shares of a no-load, Ask an Expert

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Tax Consequences.

Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $3 per share in dividend distributions, $200 in long-term capital gain distributions, and capital gains of $1,100 when she sold the stock after owning it eight months.

What are the tax consequences of Rena's ownership of this stock fund? Rena is in a 35% marginal tax bracket.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92055981

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