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WI Corporation is located in a jurisdiction that has a 35% corporate tax rate on pretax income and a 25% on dividends. WL distributes all

WI Corporation is located in a jurisdiction that has a 35% corporate tax rate on pretax income and a 25% on dividends. WL distributes all of its after-tax income to shareholders. What is the effective tax rate on WL pretax income distributed in dividends?

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