Question
An investor bought 100 shares of Pfizers common stock before the Covid-19 pandemic, say on November 11, 2019 when the bid price was $35.37/share and
An investor bought 100 shares of Pfizers common stock before the Covid-19 pandemic, say on November 11, 2019 when the bid price was $35.37/share and the difference between bid price and ask price was $0.1/share. She then sold all the shares after the announcement of its vaccine news on November 30, 2020 when the ask price was $41.01/share and the difference between bid and ask prices was $0.1/share. Pfizer had issued one dividend of $0.4/share during this period. What was the investors after-tax profits, if she faces a capital gains tax rate of 15% and a dividend tax rate of 30%?
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