A Corporation preferred stock pays a quarterly dividend of $5.5 per share. Which of the following statements is true for an investor with a required return of 16%?

		The value of the preferred stock is $5.5 because the dividend is fixed at $5.5 each quarter.
		The value of the preferred stock is $100 per share because thats the price of all preferred stocks.
		The value of the preferred stock is $34.38 per share.
		The value of the preferred stock is $160 per share because of the 16% required return.
		The value of the preferred stock is $137.5 per share.