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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,

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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, and a current market price of (a) \$69, (b) $85. (c) $96, and (d) $130 ? Round your answers to two decimal places. a. b. d

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