You bought a share of 4 percent preferred stock for 9590


You bought a share of 4 percent preferred stock for $95.90 last year. The market price for your stock is now $97.38

What was your total return for last year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Total return        %

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Financial Management: You bought a share of 4 percent preferred stock for 9590
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