Sam sharp purchased 100 shares of electric lighting inc eli, Financial Management

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Sam sharp purchased 100 shares of electric lighting inc eli

Sam Sharp purchased 100 shares of Electric Lighting Inc. (ELI) one year ago for $70 per share, and he also received dividends of $7 per share since then. Now that ELI's stock price has increased to $73.2, Sam has decided to sell his holdings. What is Sam's gross (pretax) and after-tax return on this investment, assuming that he faces a 15% tax rate on dividends and capital gains? Round you answers to two decimal places.

Gross %=

After tax %=

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Financial Management: Sam sharp purchased 100 shares of electric lighting inc eli

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