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ValiantCorp is a C corporation that earned $3 per share before it paid any taxes. ValiantCorp ...

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ValiantCorp is a C corporation that earned $3 per share before it paid any taxes. ValiantCorp ...

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?

▸ $112,500

▸ $104,750

▸ $96,250

▸ $110,000

Textbook

Fundamentals of Corporate Finance

Edition: 2^nd

Authors: Berk, DeMarzo, Harford

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