(Proforrod stockholder expected return) You own 150 shares of Dalton Resources preferred stock, which currently sells for $47.27 per share and pays annual dividends of $4.50 per share a. What is your expected return? b. If you require a return of 12 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 12 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 retum or the intrinsic value, or because the current market price is V $37.50, the Dalton Resources prefe and you should the drop-down menus.) greater than less than (Preferred stockholder expected retum) You own 150 shares of Dalton Resources preferred stock, which current a. What is your expected return? b. If you require a return of 12 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 12 percent, the value of the stock for you is $ (Round to the nearest cent.) Because the expected rate of return is and you should th your required rate of return or the intrinsic value, or becaus the drop-down menus.) greater than less than n Resources preferred stock, which currently sells for $47.27 per share and pays annual dividends of $4.50 per share. d you sell or buy more stock? s.) is $. (Round to the nearest cont.) $37.50, the Dalton Resources preferred stock is rate of return or the intrinsic value, or because the current market price is rop-down menus.) less than greater than (Preferred stockholder expected return) You own 150 shares of Dalton Resources preferred stock, which a. What is your expected return? b. If you require a return of 12 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 12 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 retum or the intrinsic value, or and you should the stock. (Select from the drop-down menus.) sell buy