Lets consider the dividend and the dividend yield of Calzone Corporation. Last year, the corporation paid a quarterly dividend of 60 cents. This year the dividend was raised 10% more than the dividend last year.

a) What was the annual dividend last year what was the annual dividend this year ?

b) What was the dividend yield last year and what was it this year? See part C for more information.

c) If the NYC resident bought 2000 shares of stock at the beginning of this year for $100/share and held the stock until the end of this year when the stock is selling for $110/share. How much would the realized return on investment be and the unrealized return on the investment?

d) What would be the rate of return on investment (ROI) expressed in percentage terms?

e) Would the investor be required to pay any tax on this investment if their income was over $60,000 and their income tax bracket was 35%? Yes or No? How much would they have to pay?