Casa Depo Corp. has preferred stock with a par value of $200.00 and an annual 11% cumulative dividend. If required rate of return for the stock is 13%, what price, today, of Casa Depo's preferred stock? Do not use the $ sign. DO NOT USE commas to separate thousands. Round to two decimals. For example if you obtain $1,432.728 then enter 1,433.73 or if you obtain $1,120.1321 then enter 1120.13

Casa Depo Corp. has preferred stock with a par value of $200.00 and an annual 11% cumulative dividend. If required rate of return for the stock is 13%, what price, today, of Casa Depo's preferred stock? Do not use the $ sign. DO NOT USE commas to separate thousands. Round to two decimals. For example if you obtain $1,432.728 then enter 1,433.73 or if you obtain $1,120.1321 then enter 1120.13