Alcott's preferred stock pays a dividend of $$1\mathrm{.}00$ per quarter. If the price of the stock is $$45\mathrm{.}00,$ what is its nominal $($not effective$)$ annual rate of return?

Question $10$ options:

a$)$

$8\mathrm{.}67\%$

b$)$

$8\mathrm{.}45\%$

c$)$

$8\mathrm{.}24\%$

d$)$

$8\mathrm{.}03\%$

e$)$

$8\mathrm{.}89\%$