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Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $67.50, what is its nominal (not effective)

Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $67.50, what is its nominal (not effective) annual rate of return? Select the correct answer. a. 7.29% b. 5.93% c. 4.57% O d. 6.61% e. 5.25%

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