Show mathematically that,with a tax rate on both dividends and capital gains of 10 percent,it doesn't matter whether earnings are paid out as dividends or kept in the firm to cause g to grow for a constant-dividend stock.

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The Answer of Show mathematically that,with a tax rate on both dividends and capital gains of 10 percent,it doesn't matter whether earnings are paid out as dividends or kept in the firm to cause g to grow for a constant-dividend stock.

Show Mathematically That,with a Tax Rate on Both Dividends and Capital