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Find the after-tax return to a corporation that buys a share ofpreferred stock at $48, sells it at year-end at $48, and receives a$4 year-end

Find the after-tax return to a corporation that buys a share ofpreferred stock at $48, sells it at year-end at $48, and receives a$4 year-end dividend. The firm is in the 30% tax bracket.(Do not ro 2 answers

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