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The company's shares are trading at $ 6 5 before the payment of dividends. The price after the payment of dividends in the amount of
The company's shares are trading at $ before the payment of dividends. The price after the payment of dividends in the amount of dollars drops to $ Determine the marginal tax rate on the dividend income of the company's shareholders. Assume that the capital gains tax is of the tax rate on dividend income.
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