XYZ corporation is issuing preferred stock yielding 10%,and ABC Corporation is considering buying the stock.XYZ's tax rate is 20% and ABC's tax rate is 34%.What is the aftertax preferred yield for ABC?

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The Answer of XYZ corporation is issuing preferred stock yielding 10%,and ABC Corporation is considering buying the stock.XYZ's tax rate is 20% and ABC's tax rate is 34%.What is the aftertax preferred yield for ABC?

XYZ Corporation Is Issuing Preferred Stock Yielding 10%,and ABC Corporation