Three months ago, you purchased 100 shares of a tech company. Your purchase price was $10 a share, plus a commission of 1 per share, for a total cost of $11 per share. Now, you sold your tech company stocks for $13 a share, less a per-share commission of $2. During the holding period you received dividends of $0.56 per share. Ignore any investment tax credits.

1. What is your holding period return? (4 mark)
2. Annual return on this investment? (3 mark)
3. What is annual after-tax return if your marginal tax rate is 25%? (3 marks)