Carby Hardware has an outstanding issue of perpetual preferred stock with an annual dividend of $9.90 per share. If the required return on this preferred stock is 6.5%, at what price should the preferred stock sell? Select the correct answer. a. $152.31 b. $151.37 c. $151.84 d. $150.43 e. $150.90 just give the logic and formula dont give me the