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( Preferred stock valuation ) You own 4 0 0 shares of Somner Resources' preferred stock, which currently sells for $ 6 5 per share
Preferred stock valuation You own shares of Somner Resources' preferred stock, which currently sells for $ per share and pays annual dividends of $ per share. If the market's required yield on similar shares is 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.
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