Find the after-tax return to a corporation that buys a share of preferred stock at $41, sells it at year-end at $41, and receives a $5 year-end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.) After-tax rate of return

Find the after-tax return to a corporation that buys a share of preferred stock at $41, sells it at year-end at $41, and receives a $5 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 return 11.10 %