0.5 pts Question 3 3. A firm has a perpetual preferred stock that pays quarterly dividends of $4.50. Its current price is $98.50. What is the rate of return (r) and the effective annual rate (EAR)? 20.73% EAR= 19.56% 18.27%; EAR= 20.73% 17.179: EAR 19.56% 18.27% EAR 19.56% 18.27%. EAR 18.19% Next >