During the Year,Success Ltd Shares Have Increased from $8 to $9

question 23

Multiple Choice

During the year,Success Ltd shares have increased from $8 to $9 and shareholders received a final dividend of 50 cents per share,fully franked at the company tax rate of 30 per cent.Calculate the dividend yield after personal taxes for shareholders with a tax rate of 47 per cent (using the beginning of the year share price) on Success shares.

• A)6.25%
• B)4.7%
• C)5%
• D)6.7%