I need help with B please

(Preferred stockholder expected return) You own 200 shares of Shapard Resources preferred stock, which currently sells for $40 per share and pays annual dividends of $3.40 per share. a. What is your expected return? b. If you require a return of 8 percent, given the current price, should you sell or buy more stock? a. Your expected return is percent. (Round to two decimal places.) b. If you require a return of 8 percent, the value of the stock for you is $ (Round to the nearest cent.)