You purchased a stock at the end of last year at a price of $84. At the

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You purchased a stock at the end of last year at a price of $84. At the end of this year, the stock pays a dividend of $2.10 and you sell the stock for $101. What is your return for the year? Now suppose that dividends are taxed at 15 percent and long-term capital gains (over 11 months) are taxed at 30 percent. What is your after tax return for the year?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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