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guajiro [1.7K]
3 years ago
10

A corporation recently purchased some preferred stock that has a before-tax yield of 5.50%. the company has a tax rate of 38%. w

hat is the after-tax return on the preferred stock? assume a 70% dividend exclusion for tax on dividends.
Social Studies
1 answer:
MAVERICK [17]3 years ago
8 0
The after-t<span>f 5.50%. the company has a tax rate of 38%. what is the after-ta

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