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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

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 7% of par, and a current market price of (a) $68, (b) $79, (c) $116, and (d) $1407 Round your answers to two decimal places % b. % C. d

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