You are trying to value the common stock shares BeGood Company using a market multiples approach.BeGood just reported annual earnings of $1.87 per share.BeGood is a privately held corporation and has three main publicly traded competitors.Below, the most recent price/earnings multiples are presented for each competitor:

Competitor P/E Multiple

BeSafe 13.25

Y-Knot 12.10

R-U-Sure 14.68

Rebel's preferred stock pays a dividend of $1.65 per quarter, and it sells for $45.00 per share. What is itsNominalannual (not effective EAR) rate of return (Compute APR)?