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Business, 04.12.2021 19:20 hunter3978

A corporation recently purchased some preferred stock that has a before-tax yield of 9.25%. The company has a tax rate of 30%. What is the after-tax return on the preferred stock? Assume a 70% dividend exclusion for tax on dividends. (Round your final answer to two decimal places.)

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A corporation recently purchased some preferred stock that has a before-tax yield of 9.25%. The comp...
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