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You own 200 shares of Shepard Resources preferred stock, which currently sells for $39 per share and pays annual dividends of $3.75 per share. a.

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You own 200 shares of Shepard Resources preferred stock, which currently sells for $39 per share and pays annual dividends of $3.75 per share. a. What is your expected return? b. If you require a return of 11 percent, given the current price, should you sell or buy more stock? a. Your expected return is percent (Round to two decimal places.)

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