Hayley reinvests the annual dividend

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Hayley recently invested $60,000 in a public utility stock paying a 3 percent annual dividend. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in four years if the dividends paid are qualified dividends? (Hayley's marginal income tax rate is 28 percent.)

Reference no: EM13943606

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