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You are a shareholder in a corporation. The corporation earns $9 per share before taxes....

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Finance

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You are a shareholder in a corporation. The corporation earns $9 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is 40%, the personal tax rate on dividend income is 20%, and the personal tax rate on other income is 42%. 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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