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What will be the nominal rate of return on a perpetual preferred stock with a...

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Finance

What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 9% of par, and a current market price of (a) $50, (b) $85, (c) $117, and (d) $148? Round your answers to two decimal places.

A. %

B. %

C. %

D. %

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