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An individual investing in preferred stock receiving a before-tax preferred yield of 7.65% and having a tax rate of 12% would receive an after-tax preferred

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An individual investing in preferred stock receiving a before-tax preferred yield of 7.65% and having a tax rate of 12% would receive an after-tax preferred yield of Multiple Choice 6.75% 5.1% 5.7% 6.7%

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