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英语翻译A tax on interest earnings and capital gains leaves the
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英语翻译
A tax on interest earnings and capital gains leaves the interest parity condition the same,since all its components are multiplied by one less the tax rate to obtain after-tax returns.If capital gains are untaxed,the expected depreciation term in the interest parity condition must be divided by 1 less the tax rate.The component of the foreign return due to capital gains is now valued more highly than interest payments because it is untaxed.
英语翻译
A tax on interest earnings and capital gains leaves the interest parity condition the same,since all its components are multiplied by one less the tax rate to obtain after-tax returns.If capital gains are untaxed,the expected depreciation term in the interest parity condition must be divided by 1 less the tax rate.The component of the foreign return due to capital gains is now valued more highly than interest payments because it is untaxed.
A tax on interest earnings and capital gains leaves the interest parity condition the same,since all its components are multiplied by one less the tax rate to obtain after-tax returns.If capital gains are untaxed,the expected depreciation term in the interest parity condition must be divided by 1 less the tax rate.The component of the foreign return due to capital gains is now valued more highly than interest payments because it is untaxed.
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