Buggy Whip Manufacturing Company is issuing preferred stock yielding 15%. Selten Corporation is considering buying the stock. Assume that Buggy's tax rate is 0% due to continuing heavy tax losses , and Selten's tax rate is 30%. What is the after- tax preferred yield for Selten? Assume the tax rate on dividends is 15%. (Round your answer to 2 decimal places.)

Question 8 Not yet answered Marked out of 1.00 Flag question Buggy Whip Manufacturing Company is issuing preferred stock yielding 15%. Selten Corporation is considering buying the stock. Assume that Buggy's tax rate is 0% due to continuing heavy tax losses, and Selten's tax rate is 30%. What is the after-tax preferred yield for Selten? Assume the tax rate on dividends is 15%. (Round your answer to 2 decimal places.) Select one: a. 16.43 b. 14.32 c. 12.82 Cd. 15.47