Homework: Chapter 7 Homework Say Score: 0 of 1 pt 19 of 26 (25 complete) HW Score: 80.77%, 21 of 26 P7-11 (similar to) Question Help Fenway Athletic Club plans to offer its members preferred stock with a par value of $100 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 retum of 9% b. Jonathan wants a retum of 13% c. Josh wants a return of 14% d. Terry wants a return of 18% a. If Theo wants a return of 9%, what price should he be willing to pay? (Round to the nearest cent) Enter your answer in the answer box and then click Check