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(Preferred stock expected return) You are planning to purchase 150 shares of preferred stock and must choose between stock in the Jackson Corporation and stock

(Preferred stock expected return) You are planning to purchase 150 shares of preferred stock and must choose between stock in the Jackson Corporation and stock in the Fields Corporation. Your required rate of return is 9.07 percent. If the stock in Jackson pays a dividend of $ 1.75 and is selling for $ 19 and the stock in Fields pays a dividend of $ 2.50 and is selling for $ 28, which stock should you choose? What is the expected return of stock in Jackson Corporation?

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