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Linda_us
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Rebellos preferred stock pays a dividend of $1.00 per quarter,

Resolved Question:

Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal) rate of return?

a. 6.62%
b. 6.82%
c. 7.03%
d. 7.25%
e. 7.47%
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.
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