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(Preferred stockholder expected return) You own 300 shares of Dalton Resources preferred stock, which currently sells for $ 33.36 per share and pays annual dividends of $2.25 per share.

a. What is your expected return? (round to two deciaml places)

b. If you require a return of 9 percent, given the current price, should you sell or buy more stock?

Financial Management, Finance

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