QUESTION 28 Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not effective) annual rate of return? O a. 8.03% O b. 8.24% O c. 8.45% O d. 8.67% O e. 8.89% QUESTION 29 Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal) rate of return? a. 6.62 b. 7.03% c. 7.03% d.7.25% e. 7.47%