Both answers are wrong.

Find the after-tax return to a corporation that buys a share of preferred stock at $39, sells it at year-end at $39, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of 5.38 % return Find the after-tax return to a corporation that buys a share of preferred stock at $39, sells it at year-end at $39, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of 7.00 % return