Asked by Dianna Juanes on Apr 28, 2024
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You purchased 200 shares of preferred stock on January 1, 2002 for $42.27 per share. The stock pays an annual dividend of $7 per share. On December 31, 2002 the market price is $46.88 per share. What is your total dollar return for the year?
A) $478
B) $922
C) $1,400
D) $2,322
E) $2,678
Dollar Return
The total amount of money gained or lost on an investment, expressed in dollars.
Preferred Stock
A class of ownership in a corporation with a specified dividend that is paid out before dividends to common stockholders and typically does not carry voting rights.
Annual Dividend
The total dividend payment a shareholder receives from a company in one year, often expressed as an amount per share.
- Compute the aggregate financial gains from investments, including both equity appreciation/depreciation and dividend earnings.
Verified Answer
Learning Objectives
- Compute the aggregate financial gains from investments, including both equity appreciation/depreciation and dividend earnings.
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