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What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par,
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $56.00, (b) $76.00, (c) $100.00, and (d) $135.00? Round your answers to two decimal places
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