Question: 9. Chapter Problem 9.09 (Preferred Stock Returns), Section Problem 9.09 (Preferred Stock Returns), Problem Problem 9.0s/ Freferred Stock Returns) Avondale Aeronautics heis perpetual preferred stock

9. Chapter Problem 9.09 (Preferred Stock Returns), Section Problem 9.09 (Preferred Stock Returns), Problem Problem 9.0s/ Freferred Stock Returns) Avondale Aeronautics heis perpetual preferred stock outstanding with a par value of $100. The stock pays a quartely dividend of $1.00 and its arreest orice is $14. a. What is its nominal annual rate of return? Do not round intermediate calcilations, Round your answer to two decimal places. W b. What is its effective annual rote of retum? Do not round intermediate calculations. Round your ancwer to two decimal places

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