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Homework: Chapter 8 HW Save Score: 0 of 1 pt 2 of 14 (0 complete) HW Score: 0%, 0 of 14 pts Problem 8-4 (similar to) Question Help (Preferred stock valuation) Haney, Inc.'s preferred stock is selling for $21.75 per share in the market and pays a $3.50 annual dividend, a. What is the expected rate of return on the stock? b. If an investor's required rate of return is 9 percent, what is the value of the stock for that investor? c. Should the investor acquire the stock? a. The expected rate of return on the stock is % (Round to two decimal places.)