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In which of the following situations would interest paid on funds borrowed to purchase securities NOT be tax deductible? a) Bonds are purchased with a
In which of the following situations would interest paid on funds borrowed to purchase securities NOT be tax deductible?
a) Bonds are purchased with a coupon which exceeds the borrowing cost.
b) Convertible debentures are purchased.
c) Common shares are purchased.
d) The borrowed funds are used as an RRSP contribution.
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