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You own 300 shares of Dalton Resources preferred stock, which currently sells for $38.96 per share and pays annual dividends of $ $3.25 per share.
You own 300 shares of Dalton Resources preferred stock, which currently sells for $38.96 per share and pays annual dividends of $ $3.25 per share.
a.What is your expected return?
b.If you require a return of 6 percent, given the current price, should you sell or buy more stock?
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