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Find the after-tax return to a corporation that buys a share of preferred stock at $48, sells it at year-end at $48, and receives a

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Find the after-tax return to a corporation that buys a share of preferred stock at $48, sells it at year-end at $48, and receives a $3 year- end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of 4.67 % return

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