Question
1. Natalia Sandino was given 750 shares of stock in the fitness center where she is employed as a salary bonus. The shares were valued
1. Natalia Sandino was given 750 shares of stock in the fitness center where she is employed as a salary bonus. The shares were valued at $8.05 when they were placed in her stock portfolio. The shares paid quarterly dividends of $.60 per share. After 7 years, Natalia sold the shares for $10.67. What was her annual rate of return? Round to the nearest hundredth of a percent.
2. One of Rafaels clients, Genesius, Inc., issued 1,500,000 shares of common stock and 400,000 shares of cumulative preferred stock. The annual dividend on the preferred stock is $2.10 per share. Due to poor earnings, a dividend of $0.55 was paid last year. This year the board of directors has decided to distribute $2,750,000 in dividends. Natalia Sandino owns 500 shares of common stock in this company. What is Natalias annual dividend this year? Round to the nearest whole dollar.
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