Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you buy a stock for $42 per share and sell it for

You buy a stock for $42 per share and sell it for $56 after holding...

80.2K

Verified Solution

Question

Finance

You buy a stock for $42 per share and sell it for $56 after holding it for slightly over a year and collecting a $3.3 per share dividend. If dividend income is taxed at a 29% rate and capital
gains are taxed at 22%, what is your after-tax holding period return? (Write your answer in percentage and round it to 2 decimal places)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are some clues in design nomenclature that refers to design strength ? I am having...

Civil Engineering
Q

Consider an object whose initial displacement and velocity are both equal to zero with respect to...

Physics
Q

QUESTION 1 If the metallic ball is launched at an angle of 25° above the horizontal at...

Physics
Q

17. The decision to incorporate a corporation in Delaware is based on which of the following? A....

General Management
Q

The graph of below is complete since it displays all roots the end behavior and...

Algebra
Q

Windsor Corporation had the following tax information. Year 2023 2024 2025 Taxable Income $366,000...

Accounting
Q

Why is R&D a key factor in productivity improvement? Name some ways R&D...

Accounting
Q

Donna Stober's estate has the following assets (all figures approximate fair value): Investments...

Accounting
Q

The CUNY Hotel has two major operated departments: rooms and food. The following information is...

Accounting
Q

please help! ...

Accounting
Q

Circular 230 requires due diligence from a practitioner in all of the following circumstances except...

Accounting
Q

Concerning Depreciable Value and Depreciable Life which of the following statements are true? Select all...

Finance