What is its effective annual rate of return

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Reference no: EM131879230

Arondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $3, and its current price is $109.

What is its nominal annual rate of return? Do not round your intermediate calculations. Round your answer to two decimal places. %

What is its effective annual rate of return? Do not round your intermediate calculations. Round your answer to two decimal places. %

Reference no: EM131879230

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