A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 percent rate of return on this preferred stock. What should the price of one share of this stock be today? $3.94 O $25.38 O $16.34 O $3.21 O $12.86

A preferred stock pays an annual dividend of $3.68 per share indefinitely. Investors require a 14.5 percent rate of return on this preferred stock. What should the price of one share of this stock be today? $3.94 $25.38 $16.34 $3.21 $12.86