The following information is provided to you about the performance of a particular stock

investment that involved purchasing $1,000$ shares of the stock on Jan $1$ and selling the stock at

the end of the last period:

Tax Rates are as follows:

The capital gains rate is $20\%$

The investor's personal income tax rate on dividends is $15\%.$

Create a spreadsheet to answer the following questions:

What is the unadjusted before$-$tax holding period rate of return?

What is the time$-$weighted before$-$tax rate of return?

What is the unadjusted after$-$tax holding period rate of return?

What is the time$-$weighted after$-$tax rate of return?

Final Step: Calculate the difference between Question #$4($time$-$weighted after$-$tax rate of return$)$

and Question #$3($unadjusted after$-$tax holding period rate of return$).$