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Rodder has bought 100 shares in each of two different corporations, Platinum Mining, and Ecoliberty Inc. Platinum Mining earns $6.00 per share before taxes, has
Rodder has bought 100 shares in each of two different corporations, Platinum Mining, and Ecoliberty Inc. Platinum Mining earns $6.00 per share before taxes, has a corporate tax rate of 25%, and pays out 50% of its after-tax earnings as dividends. Ecoliberty Inc. earns $4.00 per share before taxes, has a corporate tax rate of 15%, and pays out 100% of its after-tax earnings as dividends. Dividend income is currently taxed at a rate of 15%. If Rodder holds his shares outside a TFSA, what is the total after-tax income he will receive from his dividends? $191.25 $480.25 $289.00 $565.00 $739.00
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