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  3. rebel's preferred stock pays a dividend of $1.65 p

Rebel's preferred stock pays a dividend of $1.65 per quarter, and it sells for $45.00...

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Finance

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Rebel's preferred stock pays a dividend of $1.65 per quarter, and it sells for $45.00 per share. What is its Nominal annual (not effective EAR) rate of return (Compute APR)? Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79

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