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10 Rebello's preferred stock pays a dividend of $3.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal)

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Rebello's preferred stock pays a dividend of $3.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal) rate of return? 5 6 1) 23.67% 8 9 2) 23.45% 11 12 3) 23.23% 14 15 4) 23.02% 5) 22.82%

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