Question: 29. Chapter MC, Section 09, Problem 079 Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $57.50,

29. Chapter MC, Section 09, Problem 079 Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $57.50, what is its nominal (not effective) annual rate of return? Oa. 5.84% Ob. 7.03% Oc. 6.96% Od. 8.56% Oe. 6.75%

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