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Buggy Whip Manufacturing Company is issuing preferred stock yielding 18%. Selten Corporation is considering buying...

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Finance

Buggy Whip Manufacturing Company is issuing preferred stock yielding 18%. Selten Corporation is considering buying the stock. 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%

15.69

19.29

17.19

18.34

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