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An investor buys one share of GM stock for $58. They hold onto the stock for a year, receiving $1 in dividends (assume the entire

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An investor buys one share of GM stock for $58. They hold onto the stock for a year, receiving $1 in dividends (assume the entire dividend is received at the end of the year) and sell the stock for $62.61. Their tax rate is 22% on the dividends and 20% on the capital gains. What is their after-tax holding period return? Report your answer as a percentage and to the nearest 0.01% (e.g. enter 1.95% as 1.95). C 2

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