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Chapter 5, Problem 18P
Summary Introduction

To determine: The effective rate of returns earned on $100.

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The effective tax rate is the normal tax assessment rate for a partnership or person. The effective tax rate for people is the normal rate at which their earned income is taxes, and the effective tax rate for an organization is the normal rate at which its pre-charged taxes are taxed.

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Chapter 5 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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