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Question
A corporation with a marginal tax rate of 34 percent would receive what after-tax dividend yield on a 12 percent coupon rate preferred stock bought at par, assuming a 70 percent dividend exclusion?
a. 11.03%
b. 10.78%
c. 6.48%
d. 7.31%
e. 5.52%
Answer
This answer is hidden. It contains 46 characters.
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