Current Attempt in Progress 27 Determine the market price of a $50 par value preferred share that pays annual dividends based on a 4.0% dividend rate market rate is 5%? O $60 O $50 O $35 O $40

Determine the market price of a $50 par value preferred share that pays annual dividends based on a 4.0% dividend rat market rate is 5% ? $60 $50 $35 $40