ABC Inc. has preferred stock outstanding. It pays $2.00 per share in dividends per share next year. Based on your risk assessment of this preferred stock, you require a return of 7.00%. The current market price $35.00. Find the value of the stock to you.

A) $40.62

B) $28.57

C) $ 30.25

D) $40.67

E) None of the above