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In the past 2 years the following transactions occurred: Time o you purchased 100 shares of BCE for $30/Share You sold 50 shares of BCE

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In the past 2 years the following transactions occurred: Time o you purchased 100 shares of BCE for $30/Share You sold 50 shares of BCE at $32 per share after a dividend of $2 was declared Year 1 You also bought 100 shares of APPL at $50/Share Year 2 You sold all your holdings of both BCE and APPL. BCE is now trading at $33/Share and APPL at $52/Share after dividends of $2/share on both companies were declared If your capital gains are taxed at 50% of realized gain and your tax on dividends is 25% and your regular tax rate is 40% Compute: HPR1 HPR2 TWR

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