Jill Clark invested $24,750 in the bonds of IndustrialAromatics, Inc. She held them for 13months, at the
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Question:
Jill Clark invested $24,750 in the bonds of IndustrialAromatics, Inc. She held them for 13months, at the end of which she sold them for $26,725. During the period of ownership she received $1,808 interest. Calculate the pretax andafter-tax HPR onJill's investment. Assume that she is in the 31% ordinary tax bracket(federal and statecombined) and pays a 15% capital gains rate on dividends and on capital gains for holding periods longer than 12 months.
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