Charlotte Smidt bought 2,000 shares of the balanced no-load LaJolla Fund exactly one year and two days ago for a NAV of

$ 8.03

per share. During the year, the fund distributed investment income dividends of

$ 0.39

per share and capital gains dividends of

$ 0.36

per share. At the end of the year, Charlotte, who is in the

35 %

ordinary tax bracket (federal and state combined) and pays a

15 %

capital gains rate on dividends and on capital gains for holding periods longer than 12 months, realized

$ 9.23

per share on the sale of all 2,000 shares. Calculate Charlotte's pretax and after-tax HPR on this transaction.

Charlotte's pretax HPR on this transaction is

nothing

%.

(Round to two decimal places.)

Charlotte's after tax HPR on this transaction is

nothing

%.

(Round to two decimal places.)