Brandon Corp. preferred stock is selling for $90 per share in the market. This preferred stock has a par value of $80 and a dividend rate of 10 percent. Required: a) What is the current yield on the stock? b) If an investor has a required rate of return of 6 percent, what is the value of the stock for that investor? c) Should the investor acquire the stock? Explain. d) Explain why preferred stock is referred to as a hybrid security