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QUESTION 4 (e) A taxable security offers a before- tax return of 30%. If the tax rate is 35%; find how much this security must
QUESTION 4
(e) A taxable security offers a before- tax return of 30%. If the tax rate is 35%; find how much this security must offer to make it equally attractive as a tax-exempt security (4 marks) (f ) List Four types of risk which lenders and providers of funds face and which could be reasons for bank failures
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