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Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells it at year-end at $40, and receives a

Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells it at year-end at $40, and receives a $4 year-end dividend. The firm is in the 75% tax bracket.

Incorrect answer will have 10 downvotes. The previous answers over chegg are incorrect.

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