Question 19 3.23 pts You purchased 74 shares of Z stock in January 2008 for...
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Question 19 3.23 pts You purchased 74 shares of Z stock in January 2008 for $40 per share. Each year you received a cash dividend of $0.75 per share. In December of 2012, you sold 74 shares of Z for $60 per share. Brokerage fees amounted to 3.0% of the purchase price and 3.0% of the sales proceeds. Use this information to answer the next 5 questions. 19. What would be your future account value (after-tax and after inflation) if you invested $600 each month into a growth mutu fur years? Assume an average annual rate return of 7.5 percent. Assume a combined federal and state income tax rate of 28% and an average annual inflation rate of 2.7 percent. $449,687.25 $418,469.15 $412,758.60 o o $362,419.38
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