(Preferred stock expected returm) You are planning to purchase 150 shares of preferred stock and must choose between stock in the Jackson Corporation and stock in the Fields Corporation. Your required rate of return is 12.57 percent. If the stock in Jackson pays a dividend of $3.00 and is selling for $23 and the stock in Fields pays a dividend of $3.75 and is selling for $31, which stock should you choose? What is the expected return of stock in Jackson Corporation? \% (Round to two decimal places.)