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You bought a share of 6.60 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42...

You bought a share of 6.60 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is your total return for last year?

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Answer #1

Assume the face value of preferred stock is S100 Hence, Dividend -Proffered stock percentageFace value -6.6000*S 1 00 - $6.60

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