You bought share of 650 percent preferred stock for 9718


You bought a share of 6.50 percent preferred stock for $97.18 last year. The market price for your stock is now $101.67. 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.)

Total return for last year %_____?

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Financial Management: You bought share of 650 percent preferred stock for 9718
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