Pierre bought 2,000 shares of Carmignac Patrimoine Fund one year ago for a NAV of 12.2 per
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Pierre bought 2,000 shares of Carmignac Patrimoine Fund one year ago for a NAV of €12.2 per share. During the year, the fund distributed investment income dividends of €0.32 per share. At the end of the year, the fund was valued at €15.6 per share. If all investment income from investment funds, regardless of whether it is realized, is taxed at 25%, calculate Pierre’s pretax and after-tax HPR on this transaction.
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ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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