Use the Table for the Question(s)below

question 1

Multiple Choice

Use the table for the question(s) below.
Consider the following historical top federal tax rates in the United States:
Personal Tax Rates
-In 2000,assuming an average dividend payout ratio of 50%,the effective tax advantage for debt (t*) was closest to:

• A)40%.
• B)24%.
• C)30%.
• D)18%.

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Definitions:

Personal Care Products

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Pre-determined objectives that specify a certain number of ideas a person must generate within a given time frame.

Product Innovations

The introduction of new or significantly improved goods or services that provide novel benefits or additional value to consumers.

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