question archive Datamatic Corproation operates in the IT industry

Datamatic Corproation operates in the IT industry

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Datamatic Corproation operates in the IT industry. An investor buys a stock of the company today for $30, receives a dividend of $3 at the end of the year and then sells the stock for $36. If the dividend is taxed at 40% and the capital gain at 20%, what is his return after tax? Dividend imputation does not apply.

 

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