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Marty's stock broker sent him a report on a stock currently selling at $25.00. The expected dividend is $2.00 next year, and the twelve month

Marty's stock broker sent him a report on a stock currently selling at $25.00. The expected dividend is $2.00 next year, and the twelve month expected price is $ 30.00. The commission for trading stocks is 1.5% of the stock price when bought or when sold. Calculate the expected rate of return after brokerage fees if Marty buys and holds the stock for one year. (Ignore taxes) .

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