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Nominal annual rate of return

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Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of stock is $45.00, what is its nominal (not effective) annual rate of return?

Reference no: EM132662179

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Nominal annual rate of return : Alcott's preferred stock pays a dividend of $1.00 per quarter. If the price of stock is $45.00, what is its nominal (not effective) annual rate of return?
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