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Find the after-tax return to a corporation that buys a share of preferred stock at $55, sells it at year-end at $55, and receives a

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Find the after-tax return to a corporation that buys a share of preferred stock at $55, sells it at year-end at $55, 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. 5.09 After-tax rate of return %

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