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A public ASX-listed company declares fully franked dividends of $$1.536 per share. The companys tax rate is 31%. Three shareholders each have 326 shares. Shareholders
A public ASX-listed company declares fully franked dividends of $$1.536 per share. The companys tax rate is 31%. Three shareholders each have 326 shares. Shareholders A, B, and C each have a marginal tax rate of 19.5%, 32.0%, and 41%.
a) What is the after-tax dividend of Shareholder A?
$ (Round your answer to 2 decimal places)
b) What is the after-tax dividend of Shareholder B?
$ (Round your answer to 2 decimal places)
c) What is the after-tax dividend of Shareholder C?
$ (Round your answer to 2 decimal places)
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