Haney, Inc.$\text{'}$s preferred stock is selling for $$$$21\mathrm{.}75$ per share in the market and pays a $$$$3\mathrm{.}75$ annual dividend.

a$.$ What is the expected rate of return on the$$ stock?

b$.$ If an$$ investor's required rate of return is $13$percent$,$ what is the value of the stock for that$$ investor?

c$.$ Should the investor acquire the$$ stock?