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8. A firm has a perpetual preferred stock that pays quarterly dividends of S4.50. If its current price is $58.00, what is its rate of

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8. A firm has a perpetual preferred stock that pays quarterly dividends of S4.50. If its current price is $58.00, what is its rate of return (r) and the effetve annal ate (EAR)? CD rz) 1.03%. EARz 36,57% r-29.48% . EARs 34.83% r 31.03%. EARz 34.83% O r 36-57 :EAR 34.83% r-3 1.0, GEAM:33,09%

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