An Investor Purchased Preferred Shares on the Toronto Stock Exchange

question 30

Short Answer

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?

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Definitions:

Threatening

Expressing or implying a menace or danger, often intended to intimidate or coerce someone into action or inaction.

Rosabeth Moss Kanter

A professor of business at Harvard Business School known for her research on strategy, innovation, and leadership for change.

Symbols of Power

Objects, actions, or titles that represent authority, influence, and command within a given context, signaling status and control.

Coercing

The act of compelling or influencing someone to do something by using force or threats.