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Maria currently hold 100 shares of Quantas Australia Ltd. Maria purchased the shares three months ago at $25.50, and a share is currently trading at
Maria currently hold 100 shares of Quantas Australia Ltd. Maria purchased the shares three months ago at $25.50, and a share is currently trading at $40. The share will pay a $3.75 dividend in a few days. Maria's personal tax rate on dividend income is 25% and the capital gains tax is 15% Required: If Maria decide to sell the shares after she receive the dividend, what is the total after-tax dollar return on his investment
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