LO.1,7 How would your answer to parts (a) and (b) of Problem 36 differ if Julio were

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LO.1,7 How would your answer to parts

(a) and

(b) of Problem 36 differ if Julio were a corporate shareholder (in the 34% tax bracket) rather than an indi- vidual shareholder and the stock ownership in Gray Corporation represented a 25% interest?

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