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Question 11 (3 points) A share of preferred stock pays a quarterly dividend of $1.25. If the price of the stock is $50, what is

Question 11 (3 points) A share of preferred stock pays a quarterly dividend of $1.25. If the price of the stock is $50, what is the nominal (not effective) annual rate of return? a) 8.5% b) 8.0% c) 9.5% d) 10.0%

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