Find the after-tax return to a corporation that buys a share of preferred stock at $30, sells it at year-end at $30, and receives a $4 year- end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of return 13.33% Find the after-tax return to a corporation that buys a share of preferred stock at $30, sells it at year-end at $30, and receives a $4 year- end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of return 13.33%