Fenway Athletic Club plans to offer its members preferred stock with a par value of $$200$ and an annual dividend rate of $7\%.$ 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 $14\%.$

d$.$ Terry wants a return of $18\%$