A corporation recently purchased some preferred stock that has a before-tax yield of 6.50%. The company has a tax rate of 25\%. What is the after-tax return on the preferred stock? Assume a 50% dividend exclusion for taxes on dividends. (Round your final answer to two decimal places.): a. 3.25% b. 5.69% c. 1.63% d. 4.0695 e. 4.88% A corporation recently purchased some preferred stock that has a before-tax yield of 6.50%. The company has a tax rate of 25\%. What is the after-tax return on the preferred stock? Assume a 50% dividend exclusion for taxes on dividends. (Round your final answer to two decimal places.): a. 3.25% b. 5.69% c. 1.63% d. 4.0695 e. 4.88%