Suppose the gingridge pays a dividend per share of 225 how


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.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Suppose the gingridge pays a dividend per share of 225 how
Reference No:- TGS02707776

Expected delivery within 24 Hours