STW distribution is
64.9348% franked at rate 32.3295%
What does this mean
Is the 64 bit the equivalent of 'fully franked' or 100%?
If so is the 32% bit the equivalent of 30%, the usual company tax rate
If so, why is it more than 30%
If the yield is stated at 2% for example, how would one use the above figures to calculate the equivalent yield for somebody on 0%, 31.5% tax rate etc?
is there an equation to do this, or are there spreadsheets out there?