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(Preferred stocktholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price of $20 per share. Budd pays dividends of

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(Preferred stocktholder expected return) You own 150 shares of Budd Corporation preferred stock at a market price of $20 per share. Budd pays dividends of \$2.50. What is your expected rate of retum? If you have a required rate of return of 15 percent, should you sell your shares or buy more the stock? a. Your expected rate of retum is 4. (Round to two decimal places)

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