(Preferred stock expected return ) You are planning to purchase 200 shares of preferred stock and must choose between Stock A and Stock B. Stock A pays an annual dividend of $ 5.25 and is currently selling for $ 36 36. Stock B pays an annual dividend of $ 5.05 and is selling for $ 38 38. If your required return is 13.94 percent, which stock should you choose?

a. What is the expected return for stock a

b. What is the expected return for stock b