Problem 8-25 (similar to) Question Help (Preferred stockholder expected return) You own 200 shares of Budd Corporation preferred stock at a market price of $16 por share. Budd pays dividends of $2.50. What is your expected rate of return? If you have a required rate of return of 14 percent, should you sell your shares or buy more of the stock? a. Your expected rate of return is % (Round to two decimal places.)