(Preferred stock expected return) You are considering the purchase of 150 shares of preferred stock. Your required return is 8 percent purchase the stock? a. What is the expected rate of return of the stock? % (Round to two decimal places.) b. If you have a required rate of return of 8%, you purchase the stock because the stock's expected rate of return is should should not hares of preferred stock. Your required return is 8 percent. If the stock is currently selling for $41 and pays a dividend of $4.25, should you stock because the stock's expected rate of return is your required rate of return. (Select from the drop-down menus.) greater than less than (Preferred stock expected return) You are considering the purchase of 150 shares of preferred stock. Your required purchase the stock? a. What is the expected rate of return of the stock? % (Round to two decimal places.) b. If you have a required rate of return of 8%, you purchase the stock because the stock's expected rat should should