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You are a shareholder in a C corporation. The corporation earns $2.42 per share before taxes. Once it has paid taxes it will distribute the

You are a shareholder in a C corporation. The corporation earns $2.42 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 35% and the personal tax rate on (both dividend and non-dividend) income is 25%. 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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