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The Shrieves Corporation has $ 2 5 , 0 0 0 that it plans to invest in marketable securities . It is choosing among AT&T

The Shrieves Corporation has $25,000 that it plans to invest in marketable securities. It is choosing among AT&T bonds (which yield 8.8%), AT&T preferred stock (with a dividend yield of 8.0%), and state of Florida muni bonds (which yield 7% but are not taxable). The federal tax rate is 21%(ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. Find the after-tax rates of return on all three securities after paying federal corporate taxes. Round your answers to three decimal places.
After-tax rate of return on AT&T bond:
%
After-tax rate of return on AT&T preferred stock:
%
After-tax rate of return on Florida muni bonds:
%

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