[Solved] 7. A share of preferred stock pays a quar

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7. A share of preferred stock pays a quarterly dividend of $2.50. If the price of this preferred stock is currently $50, what is the

7. A share of preferred stock pays a quarterly dividend of $2.50. If the price of this preferred stock is currently $50, what is the nominal annual rate of return? a. 12% b. 18% c. 20% d. 23%

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