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What will be the nominal rate of return on a perpetual preferred stock with a $100...

What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 8% of par, and a current market price of (a) $56.00, (b) $77.00, (c) $104.00, and (d) $137.00? Round your answers to two decimal places.

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jeff jeffy answered 2 years ago
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