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An investor buys one share of Microsoft stock for $214. They hold onto the stock for a year, receiving $1 in dividends (assume the entire
An investor buys one share of Microsoft stock for $214. 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 $220. Their tax rate is 15% on the dividends and 32% on the capital gains. What is their after-tax holding period return?
Report your answer as a percentage and to the nearest 0.01%
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