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You bought a share of 3 percent preferred stock for $96.67 last year. The market price for your stock is now $98.43. The par value
You bought a share of 3 percent preferred stock for $96.67 last year. The market price for your stock is now $98.43. The par value is $100. What is your total return for last year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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