Diana whose total tax rate is 35 made 2 investments on


Diana, whose total tax rate is 35%, made 2 investments on 01/01/2012. She purchased $100,000 of 10% bonds due in 5 years (12/31/16) and also purchased $100,000 of common stock. The bonds were issued at par, pay interest annually on December 31, and mature at the end of 5 years. Interest received was reinvested at 9.2% of taxable interest. The stock has grown at 7.68% per year. All interest and principal on the bonds was paid on schedule. On December 31,2016 Diana received the maturity amount for the bond and sold the stock for its market value. What is the after tax cash in Diana's pocket from both investments on 12/31/16?

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Financial Accounting: Diana whose total tax rate is 35 made 2 investments on
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