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11. Find the after-tax return to a corporation that buys a share of preferred stock at $38, sells it at year-end at $38, and receives

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11. Find the after-tax return to a corporation that buys a share of preferred stock at $38, sells it at year-end at $38, and receives a $4 year-end dividend. The firm is in the 30% tax bracket. Remember: The corporations may exclude 50% of dividends received from domestic - corporations in the Eomputation of their taxable income. 13. Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $90. Limit Buy Orders Price Shares $89.75 700 89.70 1,000 89.65 700 89.60 200 88.65 800 Limit Sell Orders Price Shares $89.80 125 89.85 125 89.90 350 89.95 125 a.) If a market buy order for 125 shares comes in, at what price will it be filled? b.) At what price would the next market buy order be filled

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