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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 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 10% of par, and a current market price of (a) $51.00, (b) $86.00, (c) $107.00, and (d) $143.00? Round your answers to two decimal places. a. % b. % c. % d. %

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