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A corporation recently purchased some preferred stock that has a before tax yield of 9 25% The company has a tax rate of 38%. What

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A corporation recently purchased some preferred stock that has a before tax yield of 9 25% The company has a tax rate of 38%. What is the after-tax return on the preferred stock? Asume a 70% dividend exclusion for tax on dividenda (Round your final answer to two decimal places a. 9.75% 1.8.20% O 6974 d.9 599 0.8.289

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