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  3. a firm earns $3.00 per share after-tax and distrib

A firm earns $3.00 per share after-tax and distributes all of its earnings to its...

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Finance

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A firm earns $3.00 per share after-tax and distributes all of its earnings to its shareholders in the form of a dividend. The corporate tax rate is 25%, the personal tax rate on dividend income is 35%, and the personal tax rate on ordinary income is 40%. How much money per share will an investor receive after all taxes are paid (assuming the investment is held in a non-registered account)? $2.25 $2.10 $2.55 $2.40 $1.95

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