a You are considering to buy a preferred stock that has just paid a monthly dividend of $12. The required rate of return of 16%. The dividends' monthly growth rate is 0.9%. The preferred stock is callable after 21 years with a call price of $1,350. If you expect that the preferred stock will be called, what will be its fair price now? O $1,893 O $1,685 $1,817 O $1,988 O $2,007