Business, 17.06.2020 16:57, mesposito

Your corporation has a marginal tax rate of 35% and has purchased preferred stock in another company. The before-tax dividend yield on the preferred stock is 6.00%. What is the company's after-tax return on the preferred, assuming a 70% dividend exclusion?

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Your corporation has a marginal tax rate of 35% and has purchased preferred stock in another company...