$($Preferred stock valuation$)$ Kendra Corporation's preferred shares are trading for $$42$ in the market and pay a $$3\mathrm{.}80$ annual dividend. Assume that the market's required yield is $11$ percent.

a$.$ What is the stock's value to you, the investor?

b$.$ Should you purchase the stock?

a$.$ The value of the stock to you, the investor, is $ per share. $($Round to the nearest cent.$)$