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Under the M&M model with taxes: CJC corporation pays a dividend of $1 per share. Dutch, an investor, owns 1000 shares. If Dutch faces a

Under the M&M model with taxes:

CJC corporation pays a dividend of $1 per share. Dutch, an investor, owns 1000 shares. If Dutch faces a tax rate of 30% on dividends received, how much per share does Dutch receive after taxes?

A. $1.30

B. $0.70

C. $1.00

D. $0.30

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