Question: Use the table for the question(s) below. Consider the following historical top federal tax rates in the United States: In 2005, assuming an average dividend
Use the table for the question(s) below. Consider the following historical top federal tax rates in the United States: In 2005, assuming an average dividend payout ratio of 50%, the effective tax advantage for debt () was closest to: 35%. 18%. 24%. 15%
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