The 6 percent preferred stock of marley enterprises is currently selling for $51 a share. What is the nominal rate of return on this stock if the par value is $100 per share?
a. 13.06 percent
b. 14.92 percent
c. 11.76 percent
d. 12.48 percent
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The 6 percent preferred stock of marley enterprises is currently selling for $51 a share. What is the nominal rate of return on this stock if the par value is $100 per share?
a. 13.06 percent
b. 14.92 percent
c. 11.76 percent✔✔
d. 12.48 percent
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Explanation:
The 6 percent preferred stock of marley enterprises is currently selling for $51 a share. What is the nominal rate of return on this stock if the par value is $100 per share?
a. 13.06 percent
b. 14.92 percent
c. 11.76 percent✔✔
d. 12.48 percent
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