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

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What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 12% of par, and a current market price of (a) $68, (b) $80, (c) $107, and (d) $140? Round your answers to two decimal places.

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