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An Australian corporation has earnings per share of $9 and a tax rate of 30%. If the company pays a dividend equal to 15% of
An Australian corporation has earnings per share of $9 and a tax rate of 30%. If the company pays a dividend equal to 15% of the earnings per share, then calculate the amount remaining after all tax is paid by a shareholder. The shareholder's income tax rate is 45%
$0.52
$0.74
$0.61
$0.43
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