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Pioneer's preferred stock is selling for $36 in the market and pays a $3.20 annual divided. a. If the market's required yield is 8 percent,

Pioneer's preferred stock is selling for $36 in the market and pays a $3.20 annual divided. 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.

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