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1. Thoroughly explain the general, overall effect on stock prices of a corporate top tax rate decrease from 35% to 21%. (In 2017, the top

1. Thoroughly explain the general, overall effect on stock prices of a corporate top tax rate decrease from 35% to 21%. (In 2017, the top average federal income tax rate faced by corporations reached asymptotically close to 35%. In 2018, there is only one federal income tax bracket for corporations, and the rate is 21%.)

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