How much would you pay for a Summerhill preferred stock that pays an annual dividend of $$15?($Note that you would require a return of $12\%$ from such a stock $)$a$.$$ $117\mathrm{.}50$b$.$$ $2035\mathrm{.}71$c$.$$ $118\mathrm{.}75$d$.$$ $125\mathrm{.}00$e$.$$ $80\mathrm{.}00$