(Preferred stockholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price...
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Question:
(Preferred stockholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price of $23 per share. Budd pays dividends of $ 1.50. What is your expected rate of return? If you have a required rate of return of 5 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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