Asked by Janet Mount on Jul 15, 2024
Verified
An investor purchased preferred shares on the Toronto Stock Exchange for $15.00. The shares pay a semi-annual dividend of $1.12. Six months later, the shares were trading at $14.50. What was the rate of total return for the six-month period?
Semi-Annual Dividend
A payment made to shareholders that is distributed twice a year from a company's earnings.
Total Return
The overall gain or loss on an investment over a specified time period, including interest, dividends, and capital gains.
- Determine the overall investment return, accounting for both the income yield and the capital gain yield.
Verified Answer
SS
Learning Objectives
- Determine the overall investment return, accounting for both the income yield and the capital gain yield.
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