Question
Find the after-tax return to a corporation that buys a share of preferred stock at $32, sells it at year-end at $32, and receives a
Find the after-tax return to a corporation that buys a share of preferred stock at $32, sells it at year-end at $32, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
