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54. Chapter MC, Section .09, Problem 079.Algo Carter's preferred stock pays a dividend of $0.95 per quarter. If the price of the stock is $40.00,

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54. Chapter MC, Section .09, Problem 079.Algo Carter's preferred stock pays a dividend of $0.95 per quarter. If the price of the stock is $40.00, what is its nominal (not effective) annual rate of return? Oa. 2.38% Ob. 4.75% Oc. 9.84% Od. 4.81% Oe. 9.50%

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