Question
You purchased a stock and sold it for $32.5 after holding it for a year and collecting a $1 per share dividend. Your ordinary income
You purchased a stock and sold it for $32.5 after holding it for a year and collecting a $1 per share dividend. Your ordinary income tax rate is 25% and your capital gains tax rate is 20%. Your after-tax rate of return is 11.15%. What was the purchasing price, round to nearest cents?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
