You bought a share of 5.9 percent preferred stock for $94.18 last year. The market price...

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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 % 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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Answer Total return is calculated as the sum of dividends recei... View the full answer