A company plans to issue preferred stock with an annual dividend of $$6\mathrm{.}50$ per share. If the required return on this is $5\mathrm{.}80\%,$ at what price should the stock sell?

Group of answer choices

$$38\mathrm{.}18$

$$45\mathrm{.}55$

$$112\mathrm{.}07$

$$76\mathrm{.}47$