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Rebello's preferred stock pays a dividend of $1.45 per quarter, and it sells for $52.50 per share. What is its effective annual (not nominal) rate

Rebello's preferred stock pays a dividend of $1.45 per quarter, and it sells for $52.50 per share. What is its effective annual (not nominal) rate of return?

a. 13.02%

b. 11.51%

c. 11.35%

d. 5.52%

e. 11.05%

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