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) $52.00, (b) $76.00, (c) $118.00, and (d) $138.00? Round your answers to two decimal places.
a. ______%
b.______%
c.______%
d.______%