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Find the after-tax return to a corporation that buys a share of preferred stock at $25.00, sells it at year-end at $29.00, and receives a

Find the after-tax return to a corporation that buys a share of preferred stock at $25.00, sells it at year-end at $29.00, and receives a $3.00 year-end dividend. The firm is in the 25.00% tax bracket. Assume the dividend exclusion rate is 50%. (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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