6 You bought 100 shares of stock at $25 each At the end of year I you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700 1 What annual rate of return did you earn of your investment (5 marks) 7 A sports equipment company issued a $6 cumulative preferred stock issue In 2010 the firm's board of directors voted to omit dividends for both the company's common and preferred stock issues Also, assume that the corporation's board of directors votes to pay dividends in 2011 How much did the preferred shareholders receive in 2011 (2 marks)

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6  You bought 100 shares of stock at $25 each  At the end of year I you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700  1 What annual rate of return did you earn of your investment  (5 marks) 7  A sports equipment company issued a $6 cumulative preferred stock issue  In 2010 the firm's board of directors voted to omit dividends for both the company's common and preferred stock issues  Also, assume that the corporation's board of directors votes to pay dividends in 2011  How much did the preferred shareholders receive in 2011  (2 marks)

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6. You bought 100 shares of stock at $25 each. At the end of year I you received $300 in dividends and at the end

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