Avondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $1.00 and its current price is $85 a. What is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 6. What is its effective annual rate of retum? Do not round intermediate calculations. flound your answer to two decimal places. 14 6. Problem 9.11 (Valuation of a Constant Growth Stock) A stock is expected to pay a dividend of $0.75 at the end of the year (l.e, 0,19.75), and it should coeninue to grow at a constant rate of 8% a year if its required return is 13%, What is the stock's expected brice 4 years from today? Do not round intermedate calculations. Round your answer to the nearest cent