(Preferred stockholder expected retum) You own 300 shares of Dalton Resources preferred stock, which currently sels for $38.32 per share and pays annual dividends of $2.50 per share a. What is your expected retum? b. If you require a return of 7 percent, given the current price, should you sell or buy more stock? a. Your expected return is percent. (Round to two decimal places) b. If you require a return of 7 percent, the value of the stock for you is $ Because the expected rate of return is preferred stock is and you should (Round to the nearest cent) your required rate of return or the intrinsic value, or because the current market price is the stock. (Select from the drop-down menus) $35.71, the Daton Resources