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Help needed, please. A fund has $821 million dollars of assets, $21 million of liabilities, and 10 million shares outstanding. During the year the fund
Help needed, please.
A fund has $821 million dollars of assets, $21 million of liabilities, and 10 million shares outstanding. During the year the fund made qualified dividend distributions of $2.6 per share, long term capital gains distributions of $1.8, and short-term capital gains distributions of $3.0. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%? Enter answer in percents, accurate to two decimal places. Bonus exploration questions: How does that compare with pre-tax yield? What are the criteria for dividends to be "qualified" under current tax laws? A fund has $821 million dollars of assets, $21 million of liabilities, and 10 million shares outstanding. During the year the fund made qualified dividend distributions of $2.6 per share, long term capital gains distributions of $1.8, and short-term capital gains distributions of $3.0. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%? Enter answer in percents, accurate to two decimal places. Bonus exploration questions: How does that compare with pre-tax yield? What are the criteria for dividends to be "qualified" under current tax lawsStep by Step Solution
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