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You are a shareholder in a C corporation. The corporation earns $1.55 per share before taxes. Once it has paid taxes it will distribute the

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You are a shareholder in a C corporation. The corporation earns $1.55 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 25% and the personal tax rate on all income is 20%. How much is left for you after all taxes are paid? The amount that remains is $ per share. (Round to the nearest cent.)

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