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Find the after - tax return to a corporation that buys a share of preferred stock at $ 4 9 , sells it at year

Find the after-tax return to a corporation that buys a share of preferred stock at $49, sells it at year-end at $49, and receives a $4 year-end dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.) what is the after tax rate of return?

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