Question
Find the after-tax rate of return to a corporation that buys a share of preferred stock at $35, sells it at year-end at $35, and
Find the after-tax rate of return to a corporation that buys a share of preferred stock at $35, sells it at year-end at $35, and receives a $7 year-end dividend. The firm is in the 30% tax bracket
Its not 10.4% 9.71% or 18.2%
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
