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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,

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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, and a current market price of (a) $51, (b) $85, (c) $103, and (d) $1412 Round your answers to two decimal places a. % b C. % d. %

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