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EpiscoWhat EpiscoWhat
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7 years ago
Consider the following equation:

Pcum - Pex = Div × 

The term τg is:
A) the personal tax rate for dividend.
B) the personal tax rate for capital gains.
C) the price per share before a dividend is paid.
D) the price per share after a dividend is paid.
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Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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