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Graphical Designs is offering 5-5 preferred stock. The stock will pay anannual dividend of $5 with the first dividend payment occurring 5 years from today.

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Graphical Designs is offering 5-5 preferred stock. The stock will pay anannual dividend of $5 with the first dividend payment occurring 5 years from today. The required return on this stock is 4.75 percent. What is the price of the stock today? Select one: O a. $105.26 Ob. $87.43 O c. $81.57 O d. $83.47 O e. $79.68

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