A share of preferred stock pays a quarterly dividend of $3.9. If the price of this preferred stock is currently $121, what is the nominal annual rate of return? 12.89% 12.39% 11.89% 11.39% 10.89% Womack Toy Company's stock is currently trading at \$47 per share. The stock's dividend is projected to increase at a constant rate of 5.1 percent per year. The required rate of return on the stock, r, is 6.1 percent. What is the expected price of the stock 8 years from today? $69.97 $72.97 $75.97 $66.97 $63.97