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Rebello's preferred stock pays a dividend of $1.40 per quarter, and it sells for $77.50 per share. What is its effective annual (not nominal) rate

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Rebello's preferred stock pays a dividend of $1.40 per quarter, and it sells for $77.50 per share. What is its effective annual (not nominal) rate of return? a. 7.36% b. 8.05% c. 7.42% d. 7.23% e. 3.61%

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