Neco Model Questions Vol1 2024 Commerce Question 22

An investor invests a total of ₦250,000 (including the purchase brokerage fee) to buy 500 shares of XYZ Ltd. The broker's purchase commission is 1.2 % of the purchase amount before commission. After six months the share price rises by 15 % (on the price before commission). The broker's selling commission is 0.8 % of the sale amount. A capital gains tax of 10 % is applied on the profit (sale amount after selling commission minus the total amount originally invested). During the holding period the investor receives a dividend of ₦2 per share, on which a dividend tax of 5 % is withheld at source. What is the investor's net percentage return on the original amount invested, expressed to two decimal places?