Nominal rate of return on perpetual preferred stock

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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 8% of par, and a current market price of (a) $62.00, (b) $83.00, (c) $96.00, and (d) $133.00? Round your answers to two decimal places.

Reference no: EM13872070

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