You bought a share of 4.12 percent preferred stock ($100 par value) for $96.77 last year. The market price for your stock is now $95.58. What is your total return for last year? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You bought a share of 4.12 percent preferred stock ($100 par value) for $96.77 last year. The market
price for your stock is now $95.58. What is your total return for last year? Answer as a percentage to
two decimals (if you get -0.0435, you should answer -4.35).
Transcribed Image Text:You bought a share of 4.12 percent preferred stock ($100 par value) for $96.77 last year. The market price for your stock is now $95.58. What is your total return for last year? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).
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