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Required: Find the after-tax return to a corporation that buys a share of preferred stock at $53, selis it at year-end at $53, and recelves

Required: Find the after-tax return to a corporation that buys a share of preferred stock at $53, selis it at year-end at $53, and recelves a $6 yearend dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.)

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