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Rebello's preferred stock pays a dividend of $1.30 per quarter, and it sells for $50.00 per share. What is its effective annual (not nominal) rate

Rebello's preferred stock pays a dividend of $1.30 per quarter, and it sells for $50.00 per share. What is its effective annual (not nominal) rate of return? a. 12.14% b. 5.20% c. 10.81% d. 10,40% e. 10.67%

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