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Question 6 (This question has two parts, (a) and (b)) a) Assume company income tax rate is 30% and franking credits are available to be

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Question 6 (This question has two parts, (a) and (b)) a) Assume company income tax rate is 30% and franking credits are available to be passed on to shareholders. Under the imputation tax system, if your marginal personal tax rate is also 30%, would you prefer to receive equity investment income in the form of (fully franked) dividend or capital gain? Explain why

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