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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Similar questions

You bought a share for $1.89 exactly one year ago. The current share price is $1.12. The share paid a 13 cent dividend during the year. What is your percentage return for the year?
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You purchased a stock at a price of $51.66. The stock paid a dividends of $ 2.07 per share and the stock at the end of the year is $57.91. What is the capital gains yeild ?
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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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An investor purchases a stock for $50 and over the next year, receives a $0.75 dividend. At the end of the year, the stock is priced at $53. In the second year, the stock pays a $1.00 dividend and at the end of the year the stock is priced at $51. a. Compute the dollar return for each year. b. Compute the percentage return for each year.
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You invested in stock for which you paid $8,750. You have had the stock for one year. What is the rate of return if the stock increases in value by $950 and pays an annual dividend of $25?

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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).