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ABC's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $55.50, what is its nominal annual rate of
ABC's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $55.50, what is its nominal annual rate of return?
| 1. | 6.68% | |
| 2. | 5.30% | |
| 3. | 7.21% | |
| 4. | 5.19% | |
| 5. | 4.74% |
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
