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Required:Find the after-tax return to a corporation that buys a share ofpreferred stock at $59, sells it at year-end at $59, and receives a$6 year-end

Required:Find the after-tax return to a corporation that buys a share ofpreferred stock at $59, sells it at year-end at $59, and receives a$6 year-end dividend. The firm is in the 21% tax bracket. 2 answers

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