Question
You bought a share of 5.9 percent preferred stock for $94.18 last year. The market price for your stock is now $97.17. What is
You bought a share of 5.9 percent preferred stock for $94.18 last year. The market price for your stock is now $97.17. What is your total return for last year? Assume a par value of $100. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return for last year %
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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