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

The total return on preferred stock is the rate of return which an investor expects from the…

Answered: You bought a share of 4.12 percent…

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

Section: Chapter Questions

Problem 1PS

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At the beginning of the year, you purchased a stock for $35. Over the year the dividends paid on the stock $2.75 per share. a. Calculate the return if the price of the stock at the end of the year is $30 b. Calculate the return if the price of the stock at the end of the year is $40
I bought ANF stock on 8/14/2018 for $29.26 and then collected $0.20 dividends on 09/06/2018 and then sold my stock on 11/30/2018 for $20.91. What has been my annualized return from this transaction? (Please use IRR) -67.07% -45.20% +3.25% -78.45%
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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).