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Business, 10.04.2021 14:00 loganshockley123

3.Tripex Consolidated Industries owns $1.5 million in 12 percent bonds of Solow Electronics Company. It also owns 100,000 shares of preferred stock of Solow, which constitutes 10 percent
of all outstanding Solow preferred shares. In the past year, Solow paid the stipulated interest on
its bonds and dividends of $3 per share on its preferred stock. The marginal tax rate of Tripex is
34 percent. What taxes must Tripex pay on this interest and dividend income?

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3.Tripex Consolidated Industries owns $1.5 million in 12 percent bonds of Solow Electronics Company...
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