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Business, 12.08.2019 17:20 smrichardson0220

Arondale aeronautics has perpetual preferred stock outstanding with a par value of $100. the stock pays a quarterly dividend of $3.00, and its current price is $125. what is its nominal annual rate of return? do not round intermediate calculations. round your answer to two decimal places. 9.6 % what is its effective annual rate of return? do not round intermediate calculations. round your answer to two decimal places. 9.95 %

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