15.7. Suppose that the capital gains tax rate is expected to increase in three years. How would...
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15.7. Suppose that the capital gains tax rate is expected to increase in three years. How would this affect Bill Gates’s decision on whether Microsoft should use some of the company’s excess cash to repurchase shares?
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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