Nominal rate of return on a 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 7% of par, and a current market price of (a) $62.00, (b) $87.00, (c) $111.00, and (d) $140.00? Round your answers to two decimal places.

Reference no: EM13956129

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