What is its nominal annual rate of return

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Preferred stock returns Bruner Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $2, and its current price is $80. What is its nominal annual rate of return? Round your answer to two decimal places. % What is its effective annual rate of return? Round your answer to two decimal places.

Reference no: EM13917696

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