problem 9.07 preferred stock rate of return

3. Problem 9.07 (Preferred Stock Rate of Return) eBook What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 12% of par, and a current market price of (a) 560, (b) $77, (c) $107, and (d) $1427 Round your answers to two decimal places a. b