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Rebello's preferred stock pays a dividend of $1.45 per quarter, and it sells for $67.50 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 $67.50 per share. What is its effective annual (not nominal) rate of return? a. 8.87% b. 8.59% C. 8.78% d. 9.76% e. 4.30%

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