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4. Find the after-tax return to a corporation that buys a share of preferred stock at $34, sells it at year-end at $34, and receives

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4. Find the after-tax return to a corporation that buys a share of preferred stock at $34, sells it at year-end at $34, and receives a $5 year- end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) 66 points After-tax rate of return % eBook Print References

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