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You own 200 shares of Somner Resources' preferred stock, which currently sells for $40 per share and pays annual dividends of $3.40 per share. If
You own 200 shares of Somner Resources' preferred stock, which currently sells for $40 per share and pays annual dividends of $3.40 per share. If the market's required yield on similar shares is 15 percent, should you sell your shares or buy more? $34.00, Sell the Shares $22.67, Sell the Shares $22.67, Buy the Shares $34.00, Buy the Shares
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