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A firm pays a fully franked cash dividend of $150 to one of its Australian shareholders who has a personal marginal tax rate of 20%.

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A firm pays a fully franked cash dividend of $150 to one of its Australian shareholders who has a personal marginal tax rate of 20%. The corporate tax rate is 30%. What will be the shareholder's personal tax payable due to the dividend payment? O a. -21.4286 O b. 64.2857 . 30 O d. 42.8571 O e. -15

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