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What will be the nominal rate of return on a perpetual preferred stock with a 5100 par value, a stated dividend of 7% of par,

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What will be the nominal rate of return on a perpetual preferred stock with a 5100 par value, a stated dividend of 7% of par, and a current market price of (a) $63, (b) 577, (c) 5117, and (d) $148? Round your answers to two decimal places. % 90 d

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