Arondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a
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Question:
Arondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $3, and its current price is $79.
- What is its nominal annual rate of return? Do not round your intermediate calculations. Round your answer to two decimal places.
% - What is its effective annual rate of return? Do not round your intermediate calculations. Round your answer to two decimal places.
Related Book For
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
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