Everest incs preferred stock pays a dividend of 140 per, Finance Basics

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Everest incs preferred stock pays a dividend of 140 per

Question: Everest Inc's preferred stock pays a dividend of $1.40 per quarter, and it sells the preferred stock $27.65 per share. What is its effective annual (not nominal) rate of dividend for investors? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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