(please answer within 20-30min) As an investor with a marginal federal taxrate of 29% and a provincial tax rate of11.16%, you have decided to purchase2,000 shares of ABC CORP. and hold themfor 1 year. The current market price of ashare of ABC is $ 40.00. An investmentanalyst has indicated that the shares areexpected to rise in price by 10% in 1 year'stime and that ABC is expected to declareand pay a dividend of $ 1.00 per share forthe coming year. Required: If you purchasethe shares, what will be your expected totalafter-tax rate of return from the investmentand selling the shares after 1 year?

1) Tax rate = Marginal federal tax rate + provincial tax rate = 29% + 11.16% = 40.16% 2) Capital…

Answered: the shares, what will be your expected…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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the shares, what will be your expected total after-tax rate of return from the investment and selling the shares after 1 year?