7.43% shows as incorrect answer.

Problem 2-32 Find the after-tax return to a corporation that buys a share of preferred stock at $49, sells it at year-end at $49, and receives a $4 year- end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. After-tax rate of return 6.10 X %