You own 250 shares of Dalton Resources preferred stock, which currently sells for $ 38.50 per share

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You own 250 shares of Dalton Resources preferred stock, which currently sells for $ 38.50 per share and pays annual dividends of $ 3.25 per share.
a. What is your expected return?
b. If you require an 8 percent return, given the current price, should you sell or buy more stock?
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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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