You bought a share of 4.5 percent preferred stock for $96.18 last year. The market price for

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You bought a share of 4.5 percent preferred stock for $96.18 last year. The market price for your stock is now $98.21. What is your total return for last year?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:13 AM

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You bought a share of 4.5 percent preferred stock for $96.18 last year. The market price for

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Essentials of Corporate Finance

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