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Please use the following information for the next two questions. Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock

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Please use the following information for the next two questions. Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $2.8 per quarter, and it sells for $75 per share. Question 26 (3.125 points) What is the nominal annual rate of return? 14.93% 11.20% 16.67% 13.24% 22.40%

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