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3. Problem 9.07 (Preferred Stock Rate of Return) eBook What will be the nominal rate of return on a perpetual preferred stock with a $100

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3. Problem 9.07 (Preferred Stock Rate of Return) eBook What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 10% of par, and a current marcet price of (a) $70, (b) $89, (C) $120, ond () $1317 Round your answers to two decimal places. D 9 16

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