The expected pretax return on three stocks is divided between dividends and capital gains in the following way Stock Expected Dividend A Expected Capital Gain $10 $0 5 5 10 C 0 a. If each stock is priced at $155, what are the expected net percentage returns on each stock to () a pension fund that does not pay taxes, (i) a corporation paying tax at 45 % ( the effective tax rate on dividends received by corporations is 10.5 % ) , and (iii ) an individual with an effective tax rate of 10 % on dividends and 5% on capital gains? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Investor Stock Pension Individual Corporation 3.54 % A 6.45 % 6.13 % 6.45 % % % C 6.45 % % % b. Suppose that investors pay 40 % tax on dividends and 10 % tax on to yield an after-tax return of 10 % , what would A, B, and C each sell for? Assume the expected dividend is a level perpetuity. (Do not round intermediate calculations. Round your answers to 2 decimal places.) capital gains. If stocks are priced Stock Price A $ 90.00 B