You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2016. You received 6 cents per share annually in dividends. On December 31,2019, you sell all your shares of Cumberland Software for $16.75 per share. Brokerage commissions are 5% of the total transaction value when buying and selling. (1) What has been your total cumulative return (in percent)? (2) What has been your average annual return? Total cumulative percentage return =426.67% and the average annual return = 51.46% Total cumulative percentage return =317.67% and the average annual return = 41.46% Total cumulative percentage return =528.85% and the average annual return = 52.17% Total cumulative percentage return =412.78% and the average annual return = 51.07% Question 4 1 pts You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2016. You received 6 cents per share annually in dividends. On December 31, 2019, you sell all your shares of Cumberland Software for $16.75 per share. Brokerage commissions are 5% of the total transaction value when buying and selling. Now, determine your average annual return (after taxes and inflation) on Cumberland Software. Assume a marginal tax rate of 31% and a rate of inflation over the time period of 3.80% per year. (A 31% marginal tax bracket consumer would be taxed 15% for both dividends and capital gains.) 3975 45.25 30.66% 40.85%