Jo purchased 375 shares of a no-load stock mutual fund


Jo purchased 375 shares of a no-load stock mutual fund. During the year she received $3 per share in dividend distributions. What are the tax consequences on the dividends after the first year if Joe is in the 33% marginal tax bracket?

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Financial Management: Jo purchased 375 shares of a no-load stock mutual fund
Reference No:- TGS01420455

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