Question
87. If you earn 6% rate of return while the rate of inflation is 4% and the tax rate is 50%, after one year you
87. If you earn 6% rate of return while the rate of inflation is 4% and the tax rate is 50%, after one year you
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Would have less purchasing power
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Would have more money
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Would pay more in taxes than you earn after inflation
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All of the above
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
