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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
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) $50.00, (b) S80.00, (c) $120.00, and (d) $149.00? Round your answers to two decimal places. a.% b. 96 c. 96 d.96
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