Calculate the after-tax return for a corporation that buys a preferred stock for $49, sells it at the end of the year for $49, and receives a dividend of $4 at the end of the year. The company is in the 30% tax bracket. (Round your answer to 2 decimal places.)

After-tax rate of return--------- %

Answer rating: 100% (QA)

The initial investment is 49 and the final sale pri... View the full answer