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Haney, Inc.'s preferred stock is selling for $22.50 per share in the market and pays a $2.25 annual dividend. a. What is the expected rate

Haney, Inc.'s preferred stock is selling for $22.50 per share in the market and pays a $2.25 annual dividend.

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

b. If an investor's required rate of return is 8 percent, what is the value of the stock for that investor?

c. Should the investor acquire the stock?

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