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Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $2.8 per quarter, and it

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Wang Inc. has perpetual preferred stock outstanding with a par value of $50. The stock pays a quarterly dividend of $2.8 per quarter, and it sells for $75 per share. Question 16 (3.125 points) What is the nominal annual rate of return? What is its effective annual rate of return

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