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You are a unit holder in Pembina Properties, a real estate investment trust (REIT). The REIT announces a profit of $8 per share, of which
You are a unit holder in Pembina Properties, a real estate investment trust (REIT). The REIT announces a profit of $8 per share, of which it retains $3 for reinvestment and distributes the rest as dividend payments. Given your personal tax rate of 30%, and the tax rate on dividends is 15%, how much tax must you pay per unit?
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