Whole Foods structured entirely around ______

Investors who wish to avoid paying taxes in the present are typically ________

A) low-dividend clientele B) high-dividend clientele C) drawn to firms that have erratic dividend policies D) None of the above

On February 19, 2016, Angela purchased 100 shares of BRD stock at a total cost of $3,425. She received a total of $250.00 in dividends and sold the stock today, February 22, 2017 for $3,692

Angela has a marginal tax rate of 28%. The tax rate on dividend income and long-term capital gains is 15%. What is Angela's after-tax holding period return on her investment in BRD stock? A) 15.1% B) 12.8% C) 10.9% D) 7.8%