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Alan and Alice have a marginal income tax rate of 3 2 percent ( capital gains rate of 1 5 percent ) and have decided

Alan and Alice have a marginal income tax rate of 32 percent (capital gains rate of 15 percent) and have decided to investigate the
following investment opportunities.
Complete the two annual after-tax rate of return columns for each investment. (Do not round intermediate calculations. Round your
final answers to 2 decimal places.)
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