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(Preferred stock valuation) You own 300 shares of Somner Resources' preferred stock, which currently sells for $31 per share and pays annual dividends of $3.10

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(Preferred stock valuation) You own 300 shares of Somner Resources' preferred stock, which currently sells for $31 per share and pays annual dividends of $3.10 per share. If the market's required yield on similar shares is 9 percent, should you sell your shares or buy more? a. The value of the stock to you is $ per share. (Round to the nearest cent.) b. Should you sell your shares or buy more? (Select from the drop-down menus.) You because the stock is currently in the market

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