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QUESTION 4 Ritter Sports Industries has preferred stock outstanding with a par value of $100. The stock pays a perpetual quarterly dividend of $0.95 and

QUESTION 4 Ritter Sports Industries has preferred stock outstanding with a par value of $100. The stock pays a perpetual quarterly dividend of $0.95 and has a current price of $71.25. What is the nominal rate of return on the preferred stock

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