3. (TCO D) Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock - 88187

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3. (TCO D) Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not effective) annual rate of return? (Points : 10) 8.03% 8.24% 8.45% 8.67% 8.89%
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