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During 2010 you are a unitholder in a real estate investment trust. The REIT earns $10 per share before taxes. Once it has paid
During 2010 you are a unitholder in a real estate investment trust. The REIT earns $10 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to the unitholders as dividends The corporate tax rate is 36%, the personal tax rate on dividend income is 25%, and the personal tax rate on other income is 40%. How much is left for you after all taxes are paid? The amount that remains is $ per share. (Round to the nearest cent.)
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