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Joe Blogs and co has pre tax earnings of $50 per share. The company pays tax of $15 per share. The firm pays out after

Joe Blogs and co has pre tax earnings of $50 per share. The company pays tax of $15 per share. The firm pays out after tax earnings in dividends to a shareholder in the 40% income tax bracket. The company is correctly valued on the Stock exchange and operating under the imputation taxation system A.This investor should not have a preference B.This investor should prefer dividends C.This investor should prefer a share repurchase D.This investor should prefer capital gains

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