What will be the nominal rate of return on a perpetual pr… Show more Problem 9-7 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 12% of par, and a current market price of (a) $60.00, (b) $88.00, (c) $113.00, and (d) $132.00? Round your answers to two decimal places. • Show less