How to solve

Maldini Company has an outstanding issue of perpetual preferred stock with an annual dividend of $$4\mathrm{.}25$ per share. If the required return on this preferred stock is $6\mathrm{.}5\%,$ at what price should the stock sell?

$$68\mathrm{.}23$

$$79\mathrm{.}28$

$$72\mathrm{.}33$

$$73\mathrm{.}08$

$$65\mathrm{.}38$