vondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock pays a quarterly dividend of $3.00 and its current price is $79. What is its nominal annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.   % What is its effective annual rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

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Q: Arondale Aeronautics has perpetual preferred stock outstanding with a par value of $100. The stock…

A: Current price=$90Quarterly dividend=$1Parvalue=$100

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