Question: Hello, could you please explain to me how to work through this problem? Thank you. (Preferred stockholder expected return) You own 252 shares of Global

Hello, could you please explain to me how to work through this problem? Thank you.

(Preferred stockholder expected return) You own 252 shares of Global Services' preferred stock with a

par value of $25, which currently sells for 72.48% of par value and pays annual dividend of $1.19 per

share.

a. What is your expected return?

b. If you require a 10% return, given the current price, would you be interested in selling or

buying more stock?

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