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You purchased 200 shares of preferred stock on January 1, for $42.27 per share. The stock pays annual dividend of $6 per share. On December

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You purchased 200 shares of preferred stock on January 1, for $42.27 per share. The stock pays annual dividend of $6 per share. On December 31, the market price is $48.88 per share. What is your total return for the year if you hold the stock? A. $1261 B. $1922 C. $1822 D. $2522 O E None

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