= Homework: MT217M5 Lab Assessment Question 18, P10-16 (similar to) Part 1 of 2 HW Score: 10%, 2 of 20 points O Points: 0 of 1 Save (Preferred stock valuation) Pioneer's preferred stock is selling for $22 in the market and pays a $2.90 annual dividend. a. If the market's required yield is 11 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.)