estion 33 3 points Save Answe TXS Manufacturing has an outstanding preferred stock issue with a par value of $50. The preferred shares pay dividends annually at a rate of 10%, and the price per share today of the preferred stock is $60 per share. If investors require an annual return of 8 % on similar preferred stock, what is the theoretically predicted price of preferred stock? $65 a. $62.50 b. $50 C. d. $58 $75.00 e