Question: Return to question 4 Problem 2-9 10 points Find the after-tax return to a corporation that buys a share of preferred stock at $55, sells

Return to question 4 Problem 2-9 10 points Find the after-tax

Return to question 4 Problem 2-9 10 points Find the after-tax return to a corporation that buys a share of preferred stock at $55, sells it at year-end at $55, and receives a $4 year-end dividend. The firm is in the 30% tax bracket. (Do not round intermediate calculations. Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. After-tax rate of return 6.62 %

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