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(Preferred stockholder expected return) You own 100 shares of Budd Corporation preferred stock at a market price of $19 per share. Budd pays dividends of

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(Preferred stockholder expected return) You own 100 shares of Budd Corporation preferred stock at a market price of $19 per share. Budd pays dividends of $1.50. What is your expected rate of return? If you have a required rate of return of 10 percent, should you sell your shares or buy more of the stock? a. Your expected rate of return is % (Round to two decimal places.)

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