Question: I need help with B please (Preferred stockholder expected return) You own 200 shares of Shapard Resources preferred stock, which currently sells for $40 per

I need help with B please (Preferred stockholder expected return) You

I need help with B please

(Preferred stockholder expected return) You own 200 shares of Shapard Resources preferred stock, which currently sells for $40 per share and pays annual dividends of $3.40 per share. a. What is your expected return? b. If you require a return of 8 percent, given the current price, should you sell or buy more stock? a. Your expected return is percent. (Round to two decimal places.) b. If you require a return of 8 percent, the value of the stock for you is $ (Round to the nearest cent.)

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