Determine your aftertax return for the year


You bought a stock at the end of the prior year at price of $89. At the end of this year the stock pays dividend of $2.60 and you sell the stock for $96. Find out your return for the year? Now assume that dividends are taxed at 15 percent and long-term capital gains (over 11 months) are taxed at 30 percent. Determine your aftertax return for the year?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determine your aftertax return for the year
Reference No:- TGS0875342

Expected delivery within 24 Hours