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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 9% of par,

What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 9% of par, and a current market price of (a) $70, (b) $81, (c) $95, and (d) $139? Round your answers to two decimal places

a. %?

b %?

c %?

d %?

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