ValiantCorp Is a C Corporation That Earned $3 Per Share

question 67

Multiple Choice

ValiantCorp is a C corporation that earned $3 per share before it paid any taxes.ValiantCorp retained $1 of after tax earnings for reinvestment,and distributed what remained in dividend payments.If the corporate tax rate was 30% and dividend earnings were taxed at 12.5%,what was the value of the dividend earnings received after tax by a holder of 100,000 shares of ValiantCorp?

• A)$96,250
• B)$104,750
• C)$110,000
• D)$112,500

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