You are a shareholder in a C corporation. The corporation earns $1.95 per share before taxes. Once
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Question:
You are a shareholder in a C corporation. The corporation earns $1.95 per share before taxes. Once it has paidtaxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 21%, and your personal tax rate on(both dividend andnon-dividend) income is 20%. How much is left for you after all taxes arepaid?
The amount that remains is $. per share.(Round to the nearestcent.)
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