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John buys 400 shares of FCL preferred stock on December 31, 2018. PAR value is...

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Finance

John buys 400 shares of FCL preferred stock on December 31, 2018. PAR value is $25/share. dividends are 6% annually.

On December 31, 2019, John sells the preferred shares. The market yield on the shares when John sells is 5%.

HPR = $ _____

HPR = _____%

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