Fenway Athletic Club plans to offer its members preferred stock with a par value of $200and 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 10%. b.Jonathan wants a return of 13%.c.Josh wants a return of 16% .d.Terry wants a return of 19%.a.If Theo wants a return of 10%, what price should he be willing to pay?

(Round to the nearest cent.)

Fenway Athletic Club plans to offer its members preferred stock with a par value of $200 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 10% b. Jonathan wants a return of 13%. C. Josh wants return of 16%. d. Terry wants a return of 19%. a. If Theo wants a return of 10%, what price should he be willing to pay? $(Round to the nearest cent.)