One year ago you purchased 100 shares of Dog Bites common stock for $25. You received dividends of $.70 per share and just sold the shares for $26.25 each. Your marginal personal tax rate is 40%, your dividend tax rate is 30%, and capital gains are taxed at 50% of your personal rate.
a-1. What is your before-tax rate of return? (Round your answer to 2 decimal places.)
Before-tax rate of return_____$
a-2. What is your after-tax rate of return? (Round your answer to 2 decimal places.)
After-tax rate of return_____$

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