Diann has come to see you to do two different stock transactions. The first transaction is a purchase. Diann has $10,000 and would like to buy as many shares as possible of Telus that she can. Telus shares are currently trading at $30/share. Your commission for the purchase is $10. The second transaction is a sale. Diann has owned 150 shares of RBC Stock for the past 5 years and would like to sell all her RBC stock. She purchased the shares at $100 per share. You do not charge a commission for sales. Dianns marginal tax rate is 38%. Please calculate the following: (10 points)

How many shares of Telus will Diann buy? (2 points)

Each year that Diann has owned RBC stock (including this year), it has paid an annual dividend of $1.50 per share. How much has Diann made in dividend earnings (before tax)? (1 point)

Diann sells her RBC shares for $125 per share. How much are her net proceeds from the sale? (3 points)

How much will Diann pay in total taxes on the dividends she earned from her RBC shares? (2 points)

How much will Diann pay in taxes on the sale of her RBC shares? (2 points)