find the annual yield rate

(2) On July 1, Kevin Swisher purchases 6,000 shares of preferred stock for $25.13 per share. The stock is to pay a dividend of $.29(1.02)*-1 at the end of each quarter of the k-th year Kevin holds the stock. That is to say, he first receives four successive end-of-quarter payments at a rate of $.29 per share, then four successive end-of-quarter payments at a rate of $.29(1.02) per share, etc. Find the yield rate for this purchase assuming all dividends are paid and Kevin holds the stock forever. (2) On July 1, Kevin Swisher purchases 6,000 shares of preferred stock for $25.13 per share. The stock is to pay a dividend of $.29(1.02)*-1 at the end of each quarter of the k-th year Kevin holds the stock. That is to say, he first receives four successive end-of-quarter payments at a rate of $.29 per share, then four successive end-of-quarter payments at a rate of $.29(1.02) per share, etc. Find the yield rate for this purchase assuming all dividends are paid and Kevin holds the stock forever