(Preferred stock valuation) Pioneers preferred stock is selling for $49 in the market and pays a $4.90 annual dividend. If the market's required yield is 12 percent what is the value of the stock for that investor? Should the investor acquire the stock? The value of the stock for that investor is $ per share. (Round to the nearest cent.) Should the investor acquire the stock? (Select from the drop-down menus.) The investor acquire the stock because it is currently in the market