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You are a shareholder in a C corporation. The corporation earns
$ 1.88
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
25 %
and the personal tax rate on all income is
20 %
.
How much is left for you after all taxes are paid?
The amount that remains is
$nothing
per share.(Round to the nearest cent
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