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The answer is not 10.34 OR 11.36! Find the after-tax return to a corporation that buys a share of preferred stock at $44, sells it

The answer is not 10.34 OR 11.36!

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Find the after-tax return to a corporation that buys a share of preferred stock at $44, sells it at year-end at $44, 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 10.34 X %

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