Required: Find the after-tax return to a corporation that buys a share of preferred stock at $46, sells it at year-end at $46, and receives a $4 year- end dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.) After-tax rate of retur %
Required: Find the after-tax return to a corporation that buys a share of preferred stock at $46, sells it at year-end at $46, and receives a $4 year- end dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.) After-tax rate of retur %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Vijay shiyal
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Find the after-tax return to a corporation that buys a share of preferred stock at $46, sells it at year-end at $46, and receives a $4 year-
end dividend. The firm is in the 21% tax bracket. (Round your answer to 2 decimal places.)
After-tax rate of return
%
hap
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