Transcribed image text: 3. Garret purchased 80 shares of NBC stock for $56 per share on January 1, 2009, and sold this same stock for $83 per share on December 31, 2014. Brokerage commissions were 3.5% of the total transaction value when buying and selling. Dividends of $2 per share were paid each year. a. What was the total dollar return on this stock transaction? b. What is Garrett's average annual percentage return over the six-year period? c. What is Garrett's total cumulative return (in percent) over the six-year period? d. Assume Garret is in the 25% marginal tax bracket, dividends and long-term capital gains will be subject to a 10% tax rate. What is his after-tax average annual return? Transcribed image text: 3. Garret purchased 80 shares of NBC stock for $56 per share on January 1, 2009, and sold this same stock for $83 per share on December 31, 2014. Brokerage commissions were 3.5% of the total transaction value when buying and selling. Dividends of $2 per share were paid each year. a. What was the total dollar return on this stock transaction? b. What is Garrett's average annual percentage return over the six-year period? c. What is Garrett's total cumulative return (in percent) over the six-year period? d. Assume Garret is in the 25% marginal tax bracket, dividends and long-term capital gains will be subject to a 10% tax rate. What is his after-tax average annual return