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Question R After all foreign and US taxes, a comoration expects receive 3 pound of dividend per from a British subsidiary this year. The eschange

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Question R After all foreign and US taxes, a comoration expects receive 3 pound of dividend per from a British subsidiary this year. The eschange rate atthe end the year is expoemedia besi 40per pound is expected at 8% indefinitely. US corporation owns IOM hares ofthis subsidiary value in dollars at itsequiry eunership ofthis subsidiary? Assume acost ercapital of 15% the subsidiary

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