Assume the stock market is too high and it is expected to decrease in value over the

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Assume the stock market is too high and it is expected to decrease in value over the next period. Cash dividends are 0.25 of market value.

Dividends are taxed at 0.15.

The investor can invest in a money market fund and expect to earn 0.025. Ordinary income is taxed at 0.35.

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