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WhatsApp Chat with Nahomie New Two years ago you bought 100 shares of Big Bubba convertible preferred stock at $25 per share. The preferred stock
WhatsApp Chat with Nahomie New Two years ago you bought 100 shares of Big Bubba convertible preferred stock at $25 per share. The preferred stock had an annual dividend of $2.125 per share, and a total of $3.19 dividends per share have been paid so far. Today the company announced that the stock is redeemable for $26.70 plus accrued and unpaid dividends, for a total of $27.76. Alternativel holders may convert their shares of preferred stock at a conversion rate of 16393 shares of Bubba common stock for each share of preferred stock. If the closing price of Big Bubba common stock is $27.50, what is your holding period return? 80.32% 64,60%
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