please show formulas and all calculations please

Use the following information to answer question: you purchased ACCY Itd shares for $40 and they are now selling for $50. the company has announced that it plans a $10 special dividend. assume that the dividend if fully franked (100%) the corporate tax rate is 30%, you have a marginal tax rate of 38% and you have held the shares for more than 12 months. i) What is the after-tax income if you choose to sell the shares? (2 marks) ii) What is the after-tax income if you choose to wait and receive the special dividend? (4 marks) |