Van dyke corporation has a corporate tax rate equal to 36


Van Dyke Corporation has a corporate tax rate equal to 36%. The company recently purchased preferred stock in another company. The preferred stock has a 7.5% before-tax yield. What is Van Dyke’s after-tax yield on the preferred stock? Assume a 70% dividend exclusion for Tax on Dividends.

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Financial Management: Van dyke corporation has a corporate tax rate equal to 36
Reference No:- TGS01286221

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