Fenway Attvetic Club plans to otter ts members preferred stock with a par value of $200 and an annual dividend rate of 5%. What price should these mombers be wiling to pay for the fetums they want? a. Theo warits a rebum of 8% b. Jonathan wants a return of 11%. c. Josh wants a retum of 15% d. Terry wants a feturn of 18% a. II Theo wants a return of B\%, what price should he be wiling to pay? (Round to the hewest cent)