Q44
A investor wishes to earn 7% on his capital after payment of taxes. If the income from an available investment will be taxed at an average rate of 42%, what minimum rate of return, before payment of taxes, must the investment offer to be justified?
A.
12.07 %
AnswerB.
12.34 %
C.
12.67 %
D.
12.87 %
Answer: Option A
Solution
Answer: Option A
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