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You are a shareholder in a C corporation. The corporation earns $ 1 6 per share before taxes. Once it has paid taxes, it will

You are a shareholder in a C corporation. The corporation earns $16 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 33%, and the personal tax rate on dividend income is 16%. How much is left for you after all taxes are paid? The amount that remains is $ ____ per share. (Round to 2 decimals.)

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