Rate of return on investment


Problem:

You bought a 4.5 percent preferred stock for $93.50 a year ago. The required rate of return on this stock given the risk of this company and market conditions right now, is 5 percent.

Required:

Question: What is your rate of return on this investment over the last year?

Note: Please provide full description.

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Accounting Basics: Rate of return on investment
Reference No:- TGS0884270

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