An investor with a 10 percent return would have an 8.5 percent aftertax return with a longterm

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An investor with a 10 percent return would have an 8.5 percent after‐tax return with a longterm capital gain. The same return taxed at the top federal marginal tax rate of 35 percent would result in a 6.5 percent return, which is 31 percent less.

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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