Question
An investor bought 7,500 preferred shares, par value $2.00 of BC Resources at $0.635 (i.e., sixty-three and a half cents) and received a dividend of
An investor bought 7,500 preferred shares, par value $2.00 of BC Resources at $0.635 (i.e., sixty-three and a half cents) and received a dividend of $0.15. They were then sold at $0.59. What was the investors total gain in dollar?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
