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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 7% 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 7% of par, and a current market price of (a) $67, (b) 584, (c) $109, and (d) $1497 Round your answers to two decimal places & 2

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