(Preferred stock valuation) Pioneer's preferred stock is selling for $28 in the market and pays a $2.80 annual dividend. 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. (Round to the nearest cent.) b. Should the investor acquire the stock? (Select from the drop-down menus.) The investor acquire the stock because it is currently in the market