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(Preferred stockholder expected mamin) You own 100 shares of Budd Corporation prelerrud abock at a market price of $16 per ahacn. Budd payn dividendn of

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(Preferred stockholder expected mamin) You own 100 shares of Budd Corporation prelerrud abock at a market price of $16 per ahacn. Budd payn dividendn of $2 oo What is your expected rate of retum? If you hive a required rale of return of 15 percont, should you soll yout shares or buy more of the stock? a. Your expected rate of return is 12.50%. (Round to twe decimal pisces) b. If you twive a requied rate of retum of 15 porcent, the value of the siock for you is 1 (itourd in the nearest cont)

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