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20-05-2023
Business

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buggy whip manufacturing company is issuing preferred stock yielding 15%. selten corporation is considering buying the stock. assume that buggy's tax rate is 0% due to continuing heavy tax losses, and selten's tax rate is 30%. what is the after-tax preferred yield for selten? assume the tax rate on dividends is 15%. (round your answer to 2 decimal places.)

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