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6) Mavis bought a 4 year GIC paying 3% compounded annually. Assuming his MTR is 35% and the annual inflation rate is 2%, Calculate her

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6) Mavis bought a 4 year GIC paying 3% compounded annually. Assuming his MTR is 35% and the annual inflation rate is 2%, Calculate her annual after tax, real rate of return %. (2 marks) 7) Alvin received $5,000 in eligible dividends this year from Temco Corp. Assuming his federal MTR is 28%, what is his federal tax liability? Assume the dividend gross up is 38% and the federal dividend tax credit is 15.05%. (4 marks)

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