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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 10% of par,
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 10% of par, and a current market price of (a) $68.00, (b) $89.00, (C) $96.00, and (d) $138.00? Round your answers to two decimal places. o o o
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