Fenway Athletic Club plans to offer its members preferred stock with a par value of $100 and an annual dividend rate of 5%. What price should these members be willing to pay for the returns they want? a. Theo wants a return of 9%. b. Jonathan wants a return of 13% C. Josh wants a retum of 16%. d. Terry wants a retum of 17%. a. If Theo wants a return of 9%, what price should he be willing to pay? (Round to the nearest cent)