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Assume that Roger is indifferent between investing in a corporate bond that pays 10.2 percent and a stock with no growth potential that pays a

Assume that Roger is indifferent between investing in a corporate bond that pays 10.2 percent and a stock with no growth potential that pays a 6 percent dividend yield. Assume that the tax rate on dividends is 15 percent. What is Roger's marginal tax? Paying fabricated expenses in high tax rate years is an example of a. conversion b. tax evasion c. timing. d. income shifting e. none of these.

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