Dominant Conglomerate's preferred stock pays a dividend of $1.60 per quarter. If the price of the stock is $75.00, what is its nominal (not effective) annual expected rate of return? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
Expected rate of return = Annual dividend / Current stock price
=(1.60*4)/75
=8.53%
Dominant Conglomerate's preferred stock pays a dividend of $1.60 per quarter. If the price of the...
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