Find the after-tax return to a corporation that buys a share of preferred stock at $39, sells it at year-end at $39, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. After-tax rate of 7.00 % return Suppose your expectations regarding the stock market are as follows: State of the Economy Probability Boom 0.2 Normal growth 0.5 Recession 0.3 HPR 37% 17 -11 E() = 2000 Var(s) = 72 = PW[re) E("P SD(-) = = VVar (1) Use above equations to compute the mean and standard deviation of the HPR on stocks. (Do not round intermediate calculations. Round your answers to 2 decimal places.) * Answer is complete but not entirely correct. Mean Standard deviation 12.60 6.96 % %