Determine your after-tax rate of return from owning stock, Finance Basics

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Determine your after-tax rate of return from owning stock

Problem

Suppose that you bought 400 shares of CCC Corp. at a price of $22.75 per share. You owned this stock for 1 year, and then sold it for $26.80 per share. While you owned this stock, it paid eligible dividends of $1.85 per share. Assume you are in a 30% tax bracket for regular income. Determine your after-tax rate of return from owning this stock (i.e. calculate your total after-tax income and divide it by the amount that you originally invested).

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Finance Basics: Determine your after-tax rate of return from owning stock

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