What was your total return for last year

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Reference no: EM132025564

1. You bought a share of 4 percent preferred stock for $95.90 last year. The market price for your stock is now $97.38 What was your total return for last year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return %

2. You feel that you will need $3.4 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.5 percent compounded monthly and plan to save $485 per month until you reach your goal. How many years will it be until you reach your goal and retire?

Reference no: EM132025564

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