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Consider the Following Equation: Pretain = Pcum × the Term

question 87

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Consider the following equation: Pretain = Pcum × Consider the following equation: P<sub>retain</sub> = P<sub>cum</sub> ×   The term τ<sub>i</sub> in this equation represents A)  the corporation's tax rate on interest income. B)  the investor's tax rate on capital gains. C)  the investor's tax rate on interest income. D)  the investor's tax rate on cumulative dividends. The term τi in this equation represents


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