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Current Attempt in Progress Carla Vista Bancorp issued perpetual preferred stock a few years ago. The bank pays an annual dividend of 54.50 and your

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Current Attempt in Progress Carla Vista Bancorp issued perpetual preferred stock a few years ago. The bank pays an annual dividend of 54.50 and your required rate of return is 12.4 percent. What is the value of the stock given your required rate of return? (Round answer to 2 decimal places, s. 15.20) Value of stock $ Should you buy this stock if its current market price is $32.59

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