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11 9.1 points Problem 2-32 (Algo) Required: Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells
11 9.1 points Problem 2-32 (Algo) Required: Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells it at year-end at $50, and receives a $6 year- end dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of return 8.33%
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
