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Carters preferred stock pays a dividend of $1.10 per quarter. If the price of the stock is $43.00, what is its nominal (not effective) annual

Carters preferred stock pays a dividend of $1.10 per quarter. If the price of the stock is $43.00, what is its nominal (not effective) annual rate of return?

A. 10.23% B. 10.02% C. 9.90% D. 10.55%

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