You own 300 shares of dalton resources preferred stock, Finance Basics

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You own 300 shares of dalton resources preferred stock

Question: You own 300 shares of Dalton Resources preferred? stock, which currently sells for $38.96 per share and pays annual dividends of $ $3.25 per share.

a. What is your expected return?

b. If you require a return of 6 percent, given the current price, should you sell or buy more stock?

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Finance Basics: You own 300 shares of dalton resources preferred stock

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Finance Basics: You own 300 shares of dalton resources preferred stock

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