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You purchased 200 shares of preferred stock on January 1 for $42.27 per share. The stock pays an annual dividend per share of 7% of

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You purchased 200 shares of preferred stock on January 1 for $42.27 per share. The stock pays an annual dividend per share of 7% of the $100 face value. On December 31, the market price is $46.88 per share. What is your total dollar return for the year if you dispose of the stock at the end of the year? $2,572 O $2.322 O $478 O $1,400 O $922

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