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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 12% 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 12% of par; and a current market price of (a) $58.00, (b) $80.00, (c) $108.00, and (d) $144.00? Round your answers to two decimal places

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