Montana Mining Preferred stock originally sold for $160 when first purchased during the IPO.

Dividends were set at 6% of (the purchase price.)

Montana Mining Preferred stock currently sells for $167.50.

If your required rate of return is 5.0% would you buy more?

Group of answer choices

YES! Montana exceeds my required return by .73%

NO! $167.50 puts the stock below my required return.

NO! The price would have to rise to $192 befor I would touch it

YES! I would stop buying when the price hit $172.27 because it would be below my required return