Blossom Bancorp issued perpetual preferred stock a few years ago. The bank pays an annual dividend of $4.20, and your required rate of return is 12.0 percent. Problem 9.32ab (Solution Video)(a) Your answer is incorrect. What is the value of the stock given your required rate of return? (Round answer to 2 decimal places, e.g. 15.20.) Value of the stock $ eTextbook and Media Last saved 1 day ago. Attempts: 2 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes