Mason and Kirsty purchase 30 shares of Apple stock on Januar…
Mason and Kirsty purchase 30 shares of Apple stock on January 1, 2009 for $72.49 per share. Mason and Kirsty receive $0.36 per share in dividends each quarter. On December 31, 2015 Mason and Kirsty sell all 30 shares of Apple stock for $183.00 per share. Mason and Kirsty’s long-term capital gains and dividends are taxed at 10%. What is Mason and Kirsty’s after-tax average annual return? Calculate after-tax dividends on an annual basis at the end each year.