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You purchased 1,000 shares of Sunland Copper Co. frve years ago for $50 per share. Todzy Sunland management is trying to decide whether to repurchase

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You purchased 1,000 shares of Sunland Copper Co. frve years ago for $50 per share. Todzy Sunland management is trying to decide whether to repurchase shares for $67 per share through a fixed-price tender offer or pay a $67 cash dividend per share. If capital gains are taxed at a 15 percent rate, then at what rate must dividends be taxed for you to be indifferent between receiving the dividend and selling your shares back to Zebulon? (Round answer to 2 decimal ploces, es. 15.25\%.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the probiem) Dividend Taxrate %

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