What will be the nominal rate of return on a perpetual preferred stock with a...
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Finance
What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 9% of par, and a current market price of (a) $50, (b) $85, (c) $117, and (d) $148? Round your answers to two decimal places.
A. %
B. %
C. %
D. %
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