PREFERRED STOCK RATE OF RETURN What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of par, and a current market price of (a) $68.00, (b) $88.00, (c) $98.00, and (d) $146.00? Round your answers to two decimal places. a. % b. . % c. % d. %