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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,

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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, and a current market price of (a) $68, (b) $81, (c) $117, and (d) $134? Round your answers to two decimal places. a. b. C. d

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