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Find the after-tax return to a corporation that buys a share of preferred stock at $60, sells it at year-end at $60, and receives a

Find the after-tax return to a corporation that buys a share of preferred stock at $60, sells it at year-end at $60, and receives a $8 year-end dividend. The firm is in the 21% tax bracket.

What is the After tax rate of return. ________%

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