(Preferred stock valuation) Kendra Corporation's preferred shares are trading for $54 in the market and pay a $5.90 annual dividend. Assume that the market's required yield is 13 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 sper share. (Round to the nearest cent) b. Should you acquire the stock? (Select from the drop-down menus.) You acquire the stock because it is currently Tin the market