(Preferred stock valuation) You own 500 shares of Somner Resources' preferred stock, which currently sells for $60 per share and pays annual dividends of $4.80 per share. If the market's required yield on similar shares is 7 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