(Preferred stockholder expected return) You own 150 shares of Dalton Resources preferred stock, which currently sells for $47.36 per share and pays annual dividends of $4.50 per share. a. What is your expected return? b. If you require a return of 9 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 9 percent, the value of the stock for you is $ (Round to the nearest cent.) Because the expected rate of return is your required rate of return or the intrinsic value, or because the current market price is $50.00, the Dalton Resources preferred stock is and you should the stock. (Select from the drop-down menus.)