MC algo 8-17 valuing Preferred Stock McKerley Corp has preferred stock outstanding that will pay an annual dividend of $5 20 per share with the first dividend exactly 12 years from today. If the required return is 3.9 percent, what is the current price of the stock? Multiple Choice O $8108 $8753 s24.23 $84.25 $128.33 $123 $13333