Datamatic Corproation operates in the IT industry. An investor buys a stock of the company today for

Fantastic news! We've Found the answer you've been seeking!

Question:

Datamatic Corproation operates in the IT industry. An investor buys a stock of the company today for $30, receives a dividend of $3 at the end of the year and then sells the stock for $36. If the dividend is taxed at 40% and the capital gain at 20%, what is his return after tax? Dividend imputation does not apply. Multiple Choice 22.00% 23.15% 24.23% 32.15%

Posted Date: Jul 11, 2024 06:29 AM

See More Questions

Comprehensive Financial Statement Analysis (LO4, 5, 6) You are part of the acquisitions committee of Witter Company and are asked to examine the potential acquisition of Dryds, Inc., a merchandising...
Texon Co. manufactures and sells three products: product 1, product 2, and product 3. Their unit sales prices are product 1, $40; product 2, $30; and product 3, $14. The per unit variable costs to...
Blossom, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs January 510 $240 February 540 $300 March 350 $190 April 440 $200 May 670 $260...
There are ve investors in the stock market. The following table shows their names and the rates of return each require from this stock as well as the growth rate each expects for future dividends....
At March 31, account balances after adjustments for Vizzini Cinema are as follows: Account Balances Accounts Cash Supplies Equipment (After Adjustment) $11,000 4,000 50,000 Accumulated...
2. "A student holds a thin aluminum pie pan horizontally 2 m above the ground and releases it. Using a motion detector, she obtains the graph shown in Figure P3.12. Based on her measurements, (a)...
Mark has two sticks, 25 inches, and 20 inches. If he places them end-to-end perpendicularly, what two acute angles would be formed when he added the hypotenuse?
A wedding website states that the average cost of a wedding is $29,205. One concerned bride hopes that the average is less than reported. To see if her hope is correct, she surveys 36 recently...
2. (10 pts each) Use partial fractions decomposition and the tables to find the inverse z- transform of each of the following: a. X(z)= 6z-z z3-4z2-z+4 4z2 b. G(z)=- (z-1) (z-0.5) 3z +1 c. X(z) =...

Datamatic Corproation operates in the IT industry. An investor buys a stock of the company today for

Question:

Expert Answer:

Students also viewed these finance questions