Name FINC 298 Learning Activity 7 & 8 22. The current market price of ABC stock is $28 per share. If you placed an order to purchase 100 shares of ABC at $22 per share and an order to sell 100 shares of ABC at S20 per share you would have placed what two types of orders? 23. You purchased 100 shares of IBM stock in January 2011 for $154 per share. Each year you received a cash dividend of $3.80 per share. In December 2013, you sold your 100 shares of IBM for $188 per share. Brokerage fees amounted to 3.5% of the purchase price and 3.5% of the sales proceeds. What is your holding period return (in dollars) over the investment period? 24. Using the information from the preceding problem, what is the average annual return over the investment period for IBM? Assume the dividends were paid once per year, at the end of the year. 25. What would be the after-tax average annual rate of return for IBM using a 25% marginal tax bracket? 26. Assuming an annual inflation rate of 4.5% over the same investment period, calculate the after-tax real annual rate of return for the investment in IBM stock