The after-tax rate of return is defined as the pretax profit rate a.
The after-tax rate of return is defined as the pretax profit rate
a. minus the rate at which profits are taxed.
b. multiplied by 1 minus the rate at which profits are taxed.
c. divided by 1 minus the rate at which profits are taxed.
d. plus investment credits.
e. None of the above
ANSWER
B
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