Find the after-tax return to a corporation

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Find the after-tax return to a corporation that buys a share of preferred stock at $45, sells it at year-end at $45, and receives a $3 year-end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

After-tax rate of return %

Reference no: EM132627486

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