How much of the total dividend paid by the company

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Reference no: EM131911762

Barry Modin bought 670 of Gingridge LLC at a price of $41.15 about 5 years ago that sell for $66.75 per share today. Barry pays capital gains tax at the rate of 15%, and pays tax on dividends at the rate of 25%.

Suppose the Gingridge pays a dividend per share of $2.75. 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.

Reference no: EM131911762

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