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Preferred stock returns Avondale Aeronautics has perpetual preferred stock outstanding with par Value of $100. The stock pays a quarterly dividend of $4, and its

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Preferred stock returns Avondale Aeronautics has perpetual preferred stock outstanding with par Value of $100. The stock pays a quarterly dividend of $4, and its current price is $107. What is its nominal annual rate of return? Do not round your intermediate calculations. 14.95% What is its effective annual rate of return? Do not round your intermediate calculations %

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