Van dyke corporation has a corporate tax rate equal to 30-


Van Dyke Corporation has a corporate tax rate equal to 30%. The company recently purchased preferred stock in another company.

The preferred stock has an 8% before-tax yield. What is Van Dyke's after-tax yield on the preferred stock?

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Financial Management: Van dyke corporation has a corporate tax rate equal to 30-
Reference No:- TGS02143232

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