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5. 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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5. 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 12% of par, and a current market price of (a) $55, (b) $88, (C) $116, and (d) $146? Round your answers to two decimal places. a. % b. % c. % d. %

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