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please solve a,b (Preferred stockholder expected return) You own 100 shares of Shapard Resources preferred stock, which currently sells for $40 per share and pays
please solve a,b
(Preferred stockholder expected return) You own 100 shares of Shapard Resources preferred stock, which currently sells for $40 per share and pays annual dividends of $4.75 per share. a. What is your expected return? b. If you require a return of 11 percent, given the current price, should you sell or buy more stock Step by Step Solution
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