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9.09 9-8: Preferred Stock Preferred stock returns Bruner Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly

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9.09 9-8: Preferred Stock Preferred stock returns Bruner Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $4, and its current price is a. What is its nominal annual rate of return? Round your answer to two decimal places. 14 1 *96 b. What is its effective annual rate of return? Round your answer to two decimal places Hide cBoo

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