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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 11% 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 11% of par, and a current market price of (a) $59, (b) $87, (c) $100, and (d) $1317 Round your answers to two decimal places. ooo

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