What is the effect of dividend imputation on r*c, the required after corporate tax but before shareholder

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What is the effect of dividend imputation on r*c, the required after corporate tax— but before ­shareholder level tax rate of return? What is the effect of dividend imputation on r*c as k (the percentage of dividends that are franked) declines towards zero?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Taxes And Business Strategy A Planning Approach

ISBN: 9780132752671

5th Edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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