1- Pioneers preferred stock is selling for $ 27 in the market and pays a 2.40 annual dividend.

A) If the markers required yield is 8% what is the value of the stock for that investor?

B) Should the investor acquire the stock?

a) The value of the stock for that investor is $ . Per share ( round to the nearest cent)

b) Should the investor acquire the stock ( select from the drop downs)

The investor (should or should not) acquire the stock because it is currently ( underprice or overprice) in the market