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(Estimated time allowance: 3 minutes) TostFour Inc, has preferred stock with a par value of $500 and an annual 13% cumulative dividend. If required rate

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(Estimated time allowance: 3 minutes) TostFour Inc, has preferred stock with a par value of $500 and an annual 13% cumulative dividend. If required rate of return for the stock is 15%, what is price, today, of TostFour's preferred stock? Do not use the $s sign. Use commay to separate thousands. Round to two decimats. For example if you obtaln 51,412.728 then enter 1.433.73 or ll you obtaln $1,120.1321 then enter 1,120.13 Your

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