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(Preferred stockholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price of $ 24 per share. Budd pays dividends
(Preferred stockholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price of $ 24 per share. Budd pays dividends of $1.75. What is your expected rate of return? If you have a required rate of return of 9 percent, should you sell your shares or buy more of the stock?
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