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Rebel's preferred stock pays a dividend of $1.50 per quarter, and it sells for $50,00 per share. What is its effective annual (not nominal) rate

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Rebel's preferred stock pays a dividend of $1.50 per quarter, and it sells for $50,00 per share. What is its effective annual (not nominal) rate of return (EAR)? Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79

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