RBC Canadian Dividend Fund series A (RBF266)

• Purchased $15,000 worth of fund December 12, 2016 when the fund was trading at a NAVPS of $68.77
• Sold 100% of the units on September 10, 2018 when the fund was trading at a NAVPS of $73.01

Income Distributions
Date		Income Dividend		Reinvestment Price
29-Jun-18		0.180		72.81
29-Mar-18		0.180		68.77
20-Dec-17		0.195		72.80
29-Sep-17		0.150		70.61
30-Jun-17		0.180		68.77
31-Mar-17		0.180		69.45
21-Dec-16		0.300		68.96
30-Sep-16		0.230		65.11

Date	# of Units held	Per unit dividend amount	Total dividend paid	New units acquired
Dec 12, 2016
Dec 21, 2016
Mar 31, 2017
Jun 30, 2017
Sep 29, 2017
Dec 20, 2017
Mar 29, 2018
Jun 29, 2018
Sep 10, 2018

1. What was the pre-tax annualized rate of return over the 638-day holding period?

2. Assume the client had a marginal tax rate (MTR) of 41% for 2016, 2017 & 2018 and that the income dividends received were not eligible for the dividend tax credit. What would their after-tax holding period return be?