Preferred Stock Rate of Return What is the required rate of return on a preferred stock with a $50 par value, a stated annual dividend of 8% of pat, and a current market price of (a) $29, (b) $39. (c) 549, and (d) $69? (Assume the market is in equilibrium with the required return equal to the expected return.) Do not round Intermediate calculations. Round your answers to two decimal places % 9 0 0 c. % d %