If the short-term commercial paper rate is 10% and the corporate tax rate is 35%,what yield would a corporation require on an investment in floating-rate preferred stock? Assume the default risk is the same as for commercial paper.

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The Answer of If the short-term commercial paper rate is 10% and the corporate tax rate is 35%,what yield would a corporation require on an investment in floating-rate preferred stock? Assume the default risk is the same as for commercial paper.

If the Short-Term Commercial Paper Rate Is 10% and the Corporate