Nominal rate of return on a perpetual preferred stock

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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 10% of par, and a current market price of (a) $69.00, (b) $76.00, (c) $116.00, and (d) $134.00? Round your answers to two decimal places.

Reference no: EM131619094

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