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Floridian Estates, Inc., owns 50% of the stock in Canal Protection Associates, a 501(c)3 organization. The stock has a before-tax dividend yield of 4.5%.
Floridian Estates, Inc., owns 50% of the stock in Canal Protection Associates, a 501(c)3 organization. The stock has a before-tax dividend yield of 4.5%. Using a corporate tax rate of 21%, what is Floridian Estates' effective after-tax yield from ownership of this stock? O a. 4.5% O b.2.3% Oc. 21.0% O d. 4.0%
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
