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Suppose that you bought 1 0 0 shares of CCC Corp. at a price of $ 2 1 . 7 5 per share. You owned

Suppose that you bought 100 shares of CCC Corp. at a price of $21.75 per share. You owned this stock for 1 year, and then sold it for $28.00 per share. While you owned this stock, it paid eligible dividends of $1.35 per share. Assume you are in a 35% tax bracket for regular income. Determine your after-tax rate of return from owning this stock (i.e. calculate your total after-tax income and divide it by the amount that you originally invested).

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