Question: Riverbend Incorporated received a $ 3 3 5 , 0 0 0 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $

Riverbend Incorporated received a $335,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,700,000 before deducting the dividends-received deduction (DRD), a $75,500 NOL carryover, and a $121,000 charitable contributionAssuming that it owns 10 percent of Hobble Corporation, what is Riverbend's marginal tax rate on the dividend after taking the DRD into account?

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