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If R equals the before-tax rate of return and t equals the investor's marginal tax rate, then the after-tax rate of return represented by r
If "R" equals the before-tax rate of return and "t" equals the investor's marginal tax rate, then the after-tax rate of return represented by "r" can be expressed as
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r = (1 + t)R.
r = R(1 + t).
r = R - t.
r = R(1 - t).
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