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A company with a 15% tax rate buys preferred stock in another company. The preferred stock has a before-tax yield of 6.50% Assume a 70%
A company with a 15% tax rate buys preferred stock in another company. The preferred stock has a before-tax yield of 6.50% Assume a 70% dividend exclusive for tax on dividend a. 6.52% b. 6.21% c. 5.15% d. 6.02 % e. 6.70%
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