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K Points: 0 of 1 (Preferred stockholder expected return) You own 150 shares of Dalton Resources preferred stock, which currently sells for $37.84 per
K Points: 0 of 1 (Preferred stockholder expected return) You own 150 shares of Dalton Resources preferred stock, which currently sells for $37.84 per share and pays annual dividends of $3.25 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.)
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