You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price for your stock is now $103.18. What is

Question

2 years ago

15

your total return for last year

1 answer:

weeeeeb [17] · Answer 1 · 2023-05-28T23:58:48+03:00

The total return for last year after considering that you bought a share of 4.5% preferred stock for $105.35 is 2.21%

Dividend = $100 * 4.5% preferred stock shares

Dividend = $100*4.5%

Dividend = $4.5

Total return = (End value - Beginning value + Dividend) / Beginning value

Total return = ($103.18 - $105.35 + 4.5) / $105.35

Total return = $2.33 / $105.35

Total return = 0.0221167537

Total return = 2.21%

Hence, the total return for last year after considering that you bought a share of 4.5% preferred stock for $105.35 is 2.21%