The 6 percent preferred stock of marley enterprises is, Ask an Expert

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The 6 percent preferred stock of Marley Enterprises is currently selling for $51 a share. What is the nominal rate of return on this stock if the par value is $100 per share?

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A. 13.06 percent

B. 14.92 percent

C. 11.76 percent

D. 12.48 percent

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