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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) $70, (b) $83, (c) $97, and (d) $133 ? Round your answers to two decimal places. a. \% b. \% c. \% d. \%

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