1. In the example problem on page 52, the dividend rate should be 6%.

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2. In the example problem on page 373 there is no superficial loss in 1998 the way the problem is stated. If the last transaction took place on Aug. 1 1997, or if the preceding transaction took place on July 19, 1998 then there would be a superficial loss as calculated in the solution.

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Department of Accounting & Finance