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4. Use the information for the question(s) below Consider the following tax rates: CorporateCapitalOrdinaryDividend Tax Rate Year 1997-2000 35% 2001-2002 35% 2003- Gains Rate 20%

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4. Use the information for the question(s) below Consider the following tax rates: CorporateCapitalOrdinaryDividend Tax Rate Year 1997-2000 35% 2001-2002 35% 2003- Gains Rate 20% 20% 15% Income Rate 40% 39% 35% Rate 40% 39% 15% 35% The effective tax disadvantage for retaining cash in 2000 is closest to A. 14.75% OB. 35.00% C. 15.00% D. 13.35%

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