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Find the after-tax return to a corporation that buys a share of preferred stock at $42, sells it at year-end at $42, and receives a $3 year-end dividend. The firm is in the 30% tax bracket

Find the after-tax return to a corporation that buys a share of preferred stock at $42, sells it at year-end at $42, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Round your answer to 2 decimal places.)

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After-tax rate of return % ?

 

Aug 06 2021 View more View Less

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