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Find the after-tax return to a corporation that buys a share of preferred stock at $44, sells it at year-end at $44, and receives a

Find the after-tax return to a corporation that buys a share of preferred stock at $44, sells it at year-end at $44, and receives a $7 year-end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.) After-tax rate of return?

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