Homework: HW 10 Preferred and other methods Question 1, P1 < Part 1 of (Preferred stock valuation) Pioneer's preferred stock is selling for $58 in the market and pays a $3.50 annual dividend. a. If the market's required yield is 8 percent, 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.)