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eBook What will be the nominal rate of retum on a perpetual preferred stock with a $100 par value, a stated dividend of 12% of

eBook What will be the nominal rate of retum on a perpetual preferred stock with a $100 par value, a stated dividend of 12% of par, and a current market price of (a) $55 (D) $90. (C) $115, and (d) $1507 Round your answers to two decimal places b %

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