Question: 2. Using the information below and an initial purchase of 100 shares: Calculate the after-tax time-weighted return, given a dividend tax rate of 15% and

2. Using the information below and an initial purchase of 100 shares: Calculate the after-tax time-weighted return, given a dividend tax rate of 15% and a capital gains tax rate of 20%.

Date

$ Dividend per share

Market Price when Dividend Received

1/1

$30

3/31

$0.60

$32

6/30

$0.60

$33

9/30

$0.60

$35

12/31

$0.60

$35

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