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Find the after - tax return to a corporation that buys a share of preferred stock at $ 3 2 , sells it at year

Find the after-tax return to a corporation that buys a share of preferred stock at $32, sells it at year-end at $32, and receives a $3 year-end dividend. The firm is in the 21% tax bracket.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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