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Compare the after-tax returns for a corporation that invests in preferred stock with a 12% dividend yield versus a common stock with no dividend but

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Compare the after-tax returns for a corporation that invests in preferred stock with a 12% dividend yield versus a common stock with no dividend but a 16% capital gain. The corporation's tax rate is 21%. The Multiple Choice common stock returns 2.32% less than the preferred common stock returns 2.60% less than the preferred returns are equal on an after-tax bosis. preferred stock returns 1,90% less than the common

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