You purchased 200 shares of preferred stock on january 1, Financial Management

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You purchased 200 shares of preferred stock on january 1

You purchased 200 shares of preferred stock on January 1, 2002 for $42.27 per share. The stock pays an annual dividend of $5 per share. On December 31, 2002 the market price is $43.88 per share. What is your percentage return on investment for the year?

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Financial Management: You purchased 200 shares of preferred stock on january 1

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