Tom invests $130,000 in a stock paying a [x1]% annual divide…
Tom invests $130,000 in a stock paying a % annual dividend. Tom’s ordinary MTR is 32% percent, and Tom’s preferential (LTCG) tax rate is 15% percent. If Tom reinvests the annual dividend that he receives, net of any taxes owed on the dividend, how much will his investment be worth in years? Assume the dividends are qualified dividends. Round your final answer to the nearest whole number.