Ch 09: End-of-Chapter Problems - Stocks and Their Valuation Back to Assignment Attempts Keep the Highest: 14 5. Problem 9.07 Click here to read the eBook: Preferred Stock PREFERRED STOCK RATE OF RETURN What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $64.00, (b) $85.00, (c) $109.00, and (d) $132.007 Round your answers to two decimal places. 96 b d. Grade it Now Save & Continue Continue without saving