You bought a share of 3.5 percent preferred stock for $92.07 last year. The market price for your stock is nnow $96.12.

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answerhappygod
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You bought a share of 3.5 percent preferred stock for $92.07 last year. The market price for your stock is nnow $96.12.

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You bought a share of 3.5 percent preferred stock for$92.07 last year. The market price for your stock is nnow $96.12.What was your total return for last year? Professor Cursio adds:3.5% of par value of $100 means $3.50 individends.
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