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(Estimated time allowance: 3 minutes) TostFour Inc. has preferred stock with a par value of $400 and an annual 12% cumulative dividend. If required rate

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(Estimated time allowance: 3 minutes) TostFour Inc. has preferred stock with a par value of $400 and an annual 12% cumulative dividend. If required rate of return for the stock is 19%, what is price, today, of TostFour's preferred stock? Do not use the S sign. Use commas to separate thousands. Round to two decimals. For example it you obtain $1,432.728 then enter 1,433.73 or if you obtain $1,120.1321 then enter 1,120.13 Your

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