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Mantle Corporation is considering two equally risky investments:A $5,000 investment in preferred stock that yields...

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Calculus

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Mantle Corporation is considering two equally risky investments:A $5,000 investment in preferred stock that yields 6.75%.A $5,000 investment in a corporate bond that yields 10.00%..What is the breakeven corporate tax rate that makes the company indifferent between the two investments? Assume a 70.00% dividend exclusion for tax ondividends. (Do not round your intermediate answer and round your final answer to two decimal places.)O a. 50.13%O b. 46.87%OC. 37.08%Od. 34.23%Oe. 40.75%

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