Compass Group Diversified Holdings has a preferred stock, CODI-B. This company acquires and manages a portfolio of other companies. They raised money pricing themselves at $25.00 share and promising to pay on a quarterly basis. CODI-B shares arecurrently trading at $24.00. The coupon rate on this preferred is 8.20%.

a) What is thecurrent yieldfor new investors who buy CODI-Btoday ($24.00/share)?

b)Bad news: you've owned preferred stock Compass Group Diversified Holdings for 4 quarters and you've received notice that the shares are suddenly being called by the issuer. You've paid $25.75/share but the shares will be called at $25. Factoring-in the dividends you've received for the past year, are you ahead or was it a loss - how much? [A dollar number per share is OK here]