33. AC corporation earns $9.00 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $4 dividend? A. $5.75 B. $4.11 C. $3.29 D. $4.93 34. Historically, why were high inflation rates associated with high nominal interest rates? A. Growth in investment and savings is encouraged when consumers are judged to be overspending. B. The real interest rate needs to be high enough so that individuals can expect their savings to have greater purchasing power in the future than in the present. C. High inflation leads to a decrease in purchasing power and thus increases the attractiveness of investment over consumption in the short term. D. Individuals will spend more when they expect their investments to increase in value