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Linda Milner, an Alberta investor, receives $40,000 in dividends from Okotoks Forest Products shares, $20,000 in interest from a deposit in a chartered bank, and
Linda Milner, an Alberta investor, receives $40,000 in dividends from Okotoks Forest Products shares, $20,000 in interest from a deposit in a chartered bank, and a $20,000 capital gain from Cremona Mines shares. Ms. Milner's federal tax rate is 29%. Assume that Ms. Milner's cash flows are from equal investments of $75,000 each. Use the information in Table 2.5 and Table 2.6 to find her after-tax rate of return on each investment. (Round the final answers to 2 decimal places.)
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