Question
Over the last year, your holding period return on your investments has been 4.40%. Over the same period, inflation has been 3.70%, while your tax
Over the last year, your holding period return on your investments has been 4.40%. Over the same period, inflation has been 3.70%, while your tax (on capital gains, interest, and dividends) was at a rate of 21.00%. What was your real after-tax return, using the approximate adjustment for inflation?
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
