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Charlotte Smidt bought 2,000 shares of the balanced no-load Lavolta Fund exactly one year and two days ago for a NAV of S8,49 per share.

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Charlotte Smidt bought 2,000 shares of the balanced no-load Lavolta Fund exactly one year and two days ago for a NAV of S8,49 per share. During the year, the fund distributed imvestment incorme dividends of $0.37 por share and capital gains dividends of $0.37 per share. Al the and of the year, Charlotte, who is in the 35% ordinary tax bracket (foderal and state combined) and pays a 15% capital gains rate on dividends and on capital gains for holding periods longer than 12 months. realized $898 per shate on the sale of al 2,000 shares. Calculate Chariotte's pretax and atter tax HPR on this trartsaction. Charlotte's pretax HPR on this transaction is \%. (Round to two decimal places:) Charlotie's atter tax HPR on this mansaction is 36. (Round to two decimal places:)

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