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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) $58, (b) $80, (c) $113, and (d) $139 ? Round your answers to two decimal places. a. % b. % c. % d. %
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