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What will be the norninal rate of retum on a perpetual preferred stock with a 5100 par value, a stated dividend of 7% of par,

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What will be the norninal rate of retum on a perpetual preferred stock with a 5100 par value, a stated dividend of 7% of par, and a current muket pake of (a) 553 , (0) FT\% (c) \$103, and (d) 5138 ? Rlound your answers to two decimal places. a. 8% b. c. d

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