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Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $77.50 per share. What is its effective annual (not nominal)

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Connor Publishing's preferred stock pays a dividend of $1.00 per quarter, and it sells for $77.50 per share. What is its effective annual (not nominal) rate of return? Select the correct answer. a. 3.68% b. 2.10% c. 2.89% d. 4.47% De. 5.26%

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