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You bought a share of 8.5 percent preferred stock for $87.40 last year. The market price for your stock is now $88.10. What is your

You bought a share of 8.5 percent preferred stock for $87.40 last year. The market price for your stock is now $88.10. What is your total return for last year?

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8.10 percent
10.53 percent
7.73 percent
7.51 percent
7.86 percent

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