Suppose the gingridge pays a dividend per share of 300 how


Barry Modin bought 600 of Gingridge LLC at a price of $41.25 about 5 years ago that sell for $60.00 per share today. Barry pays capital gains tax at the rate of 17%, and pays tax on dividends at the rate of 31%.

Suppose the Gingridge pays a dividend per share of $3.00. 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.

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Financial Management: Suppose the gingridge pays a dividend per share of 300 how
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