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You own 200 shares of Shapard Resources preferred stock, which currently sells for$37 per share and pays annual dividends of $3.75 per share. a. What

You own 200 shares of Shapard Resources preferred stock, which currently sells for$37 per share and pays annual dividends of $3.75 per share.

a. What is your expected return?

b. If you require a return of9 percent, given the current price, should you sell or buy more stock?

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