1. Suppose that a person bought 1000 shares of company X for 20 euros per share on 01.01 .2021 . The commission fee charged on this transaction was 80 euros. This person kept these stocks for 2 years and sold his portfolio of company X stocks on 01.01 .2023 for 30 euros per share. The commission fee charged on this transaction was 100 euros. During the holding period the investor received dividends of 3 euro per share on 01.01.2023. Suppose that the realized capital gains are taxed at 20%, but the dividends received are taxed at 7% in the country of residence of this person. The commission fees paid are tax-deductible, i.e. these fees reduce the taxable income from capital gains. Suppose also that the annual rate of inflation in the country of residence of this person was 4% in 2021 and 12% in 2022. a) Find the nominal after-tax holding period rate of retum for this person from the investment described. (5 points) b) Find the real after-tax holding period rate of return for this person from the investment described. (5 points)