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Suppose that the tax rate on personal income, tp, is equal to37%; the corporate tax rate, tc, is equal to 21%; and the capitalgain tax,
Suppose that the tax rate on personal income, tp, is equal to37%; the corporate tax rate, tc, is equal to 21%; and the capitalgain tax, tcg, is 20%. Also assume that the before-tax rate ofreturn on 2 answers
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