You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...

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You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price for your stock is now $103.18. What

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Answer 1

Answer #1

Dividend=$100*4.5%=4.5

Hence total return=(End value-Beginning value+Dividend)/Beginning value

=(103.18-105.35+4.5)/105.35

=2.21%(Approx).

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Answer 2

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You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...

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You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...

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You bought a share of 7.30 percent preferred stock for $101.18 last year. The market price for your stock is no...

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You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...

Homework Answers

Add Answer to: You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...

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You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price...