After reading thischapter, itisn't surprising thatyou're becoming an investment wizard. With your newfoundexpertise, you purchase 100 shares of KSU Corporation for $57.16 per share. Assume the price goes up to $71.02 per share over the next 12 months and you receive a qualified dividend of $0.75 per share. What would be your total return on your KSU Corporationinvestment? Assuming you continue to hold thestock, calculate yourafter-tax return. How is your realizedafter-tax return different if you sell thestock? In both cases assume you are in the 25 percent federal marginal tax bracket and 15 percentlong-term capital gains and qualified dividends tax bracket and there is no state income tax on investment income.

Your total rate of return on your KSU Corporation investment is ____%. (Round to two decimalplaces.)