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A share of preferred stock pays a quarterly dividend of $2.4. If the price of this preferred stock is currently $99, what is the nominal

A share of preferred stock pays a quarterly dividend of $2.4. If the price of this preferred stock is currently $99, what is the nominal annual rate of return? Group of answer choices 9.70% 10.70% 11.20% 9.20% 10.20%

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