Nissan has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $1.00, and its current price is $95. What is its effective annual rate of return? O 4.28% O 1.05% 4.21% 1.00%

Nissan has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $1.00, and its curtentprice is 595 . What is its effective annual rate of retum? 4.2825 4.05 421