You bought a share of 720 percent preferred stock for 10068


You bought a share of 7.20 percent preferred stock for $100.68 last year. The market price for your stock is now $106.92.

What is your total return for last year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management: You bought a share of 720 percent preferred stock for 10068
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