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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
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) $50, (b) $77, (c) $111, and (d) $135? Round your answers to two decimal places. a. % b. % C. % d. %
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