You own 150 shares of James Corporation preferred stock at a market price of $ 22 per

Question:

You own 150 shares of James preferred stock at a market price of $ 22 per share. James pays dividends of $ 1.55. What is your expected rate of return? If you have a required rate of return of 9 percent, should you buy more stock?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...