Jeff purchased some Mitel preferred shares on the Toronto Stock Exchange for $13 50 The shares pay a quarterly dividend of $0 50 Twelve months later the shares were trading at $15 25 What was Jeff s rate of total return for the year ...

Given V i 1350 V f 1525 Income 30 ...

Jeff purchased some Mitel preferred shares on the Toronto Stock Exchange for $13.50. The shares pay a

Question:

Jeff purchased some Mitel preferred shares on the Toronto Stock Exchange for $13.50. The shares pay a quarterly of $0.50. Twelve months later the shares were trading at $15.25. What was Jeff ’s rate of total return for the year?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...