Preferred stock rate of return

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Preferred stock rate of return

What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $52.00, (b) $76.00, (c) $118.00, and (d) $138.00? Round your answers to two decimal places.

a. ______%

b.______%

c.______%

d.______%

Reference no: EM131101048

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