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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,
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) $63, (b) $76, (c) $109, and (d) $147? Round your answers to two decimal places.
A. ______%
B. ______%
C. ______%
D. ______%
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