Question: Frederick Fulham invests has just bought a common stock, which is $55.00 per share. He has earned $4.00 and $3.00 dividends during his investment period.

Frederick Fulham invests has just bought a common stock, which is $55.00 per share. He has earned $4.00 and $3.00 dividends during his investment period. After a while, he decided to sell his shares for $50.00. If dividend income is taxed at 40.00% and capital gains are taxed at 20.00%, what is his after-tax holding period return?

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