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Business, 31.05.2020 00:01 gigimasters71p7tc6l

Lovell Co. purchased preferred stock in another company. The preferred stock's before-tax yield was 8.40%. The corporate tax rate is 40%. What is the after-tax return on the preferred stock, assuming a 70% dividend exclusion? (Round your final answer to two decimal places.)

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Lovell Co. purchased preferred stock in another company. The preferred stock's before-tax yield was...
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