Problem 9.07( preferred stock rate of return)

Attempts Average/4 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 11% of par, and a current market price of (a) $66, (b) $78, (c) $104, and (d) $138? Round your answers to two decimal places. %