(Answered) Your corporation has amarginal tax rate of 35 and has

Finance

Your corporation has amarginal tax rate of 35% and has purchased preferred stock inanother company. The before-tax dividend yield on the preferredstock is 13%. What is the company's after-tax return on the preferred, assuming a 70% dividend exclusion?

10.12%

10.94%

10.82%

11.64%

11.98%

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