$($Preferred stock valuation$)$Haney$,$ Inc.$\text{'}$s preferred stock is selling for $$$$23\mathrm{.}25$ per share in the market and pays a $$$$3\mathrm{.}75$ annual dividend.a$.$What is the expected rate of return on the$$stock$?$b$.$If an$$investor$\text{'}$s required rate of return is$12$percent$,$ what is the value of the stock for that$$investor$?$c$.$Should the investor acquire the$$stock$?($Preferred stock valuation$)$Haney$,$ Inc.$\text{'}$s preferred stock is selling for $$$$23\mathrm{.}25$ per share in the market and pays a $$$$3\mathrm{.}75$ annual dividend.a$.$What is the expected rate of return on the$$stock$?$b$.$If an$$investor$\text{'}$s required rate of return is$12$percent$,$ what is the value of the stock for that$$investor$?$c$.$Should the investor acquire the$$stock$?$