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Assume the corporate tax rate is 28 percent, the personal tax rate on interest income is 10 percent, and the personal tax rate on dividends
Assume the corporate tax rate is 28 percent, the personal tax rate on interest income is 10 percent, and the personal tax rate on dividends is 15 percent. Also assume the firm earns $15 per share in taxable income and pays out 30 percent of its earnings. How much will a shareholder receive per share in aftertax income? a $1.470 Ob.$1.782 Oc$1.096 Od $2.916 $2.754
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