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Consider the following statements about an account subject to accrual taxes and select the best answer: Statement 1: As the investment horizon increases the tax

Consider the following statements about an account subject to accrual taxes and select the best answer: Statement 1: As the investment horizon increases the tax drag increases. Statement 2: As the investment return increases the tax drag decreases. Which statement(s) is(are) correct? Please correct the wrong statement(s)

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