What should your franked credit be

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Question - The closing share price on the ex-dividend date is $80.35. BHP Limited has announced a fully franked interim dividend of $2.50. If you own 9,000 shares in BHP and the corporate tax rate is 25% while the personal tax rate is 30%, what should your franked credit be?

a. $5,625.00

b. $9,642.86

c. Cannot be calculated

d. None of the options

Reference no: EM133187392

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