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Determining total dollar return

Purchased 500 shares preferred stock on January 1, 2006 for 85 a share. The stock pays an annual dividend of 12 a share. On December 31 the market price is 91 per share. What is total dollar return for year?

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Capital gain = (New Price of preferred share-Purchase Price of ...

Solution Summary

Solution describes the steps for finding total dollar return on sale and purchase of certain stock.