8. Preferred stock valuation) Pioneer's preferred stock is selling for $67 in the market and pays a $4.70 annual dividend. a. If the market's required yield is 9 percent, what is the value of the stock for that investor? 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-down menus.) The investor should not/should acquire the stock because it is currently underpriced/overpriced in the market