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Rebello's preferred stock pays a dividend of $1.15 per quarter, and it sells for $72.50 per share. What is its effective annual (not nominal) rate

Rebello's preferred stock pays a dividend of $1.15 per quarter, and it sells for $72.50 per share. What is its effective annual (not nominal) rate f return? a. 6.45% b. 6.50% c. 6.34% d. 3,17% e. 6.97%

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