Question 2 of 4 This quiz: 4 point(s) possible This question: 1 point(s) possible Submit qui (Preferred stock valuation) You own 300 shares of Somner Resources' preferred stock, which currently sells for $24 per share and pays annual dividends of $2.90 per share. If the market's required yield on similar shares is 11 percent, should you sell your shares or buy more? a. The value of the stock to you is $ 218.18 per share. (Round to the nearest cent.) b. Should you sell your shares or buy more? (Select from the drop-down menus.) You because the stock is currently in the market. should buy more shares should sell the shares Next