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(Preferred stockholder expected retum) You own 200 shares of Shapard Resources preferred stock, which currently sells for $43 per share and pays annual dividends of

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(Preferred stockholder expected retum) You own 200 shares of Shapard Resources preferred stock, which currently sells for $43 per share and pays annual dividends of $5.25 per share a. What is your expected retum? b. If you require a return of 9 percent, given the current price, should you sell or buy more stock

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