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When shareholders receive fully-franked dividends, they a. do not have to pay personal income tax. b. are entitled to receive tax refunds. c. avoid double
When shareholders receive fully-franked dividends, they
a. | do not have to pay personal income tax. | |
b. | are entitled to receive tax refunds. | |
c. | avoid double dipping. | |
d. | pay less personal income tax than the tax that the firm has paid. | |
e. | None of the above. |
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