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 6% what price should these members be wig to pay for the returns they want? a. Theo wants a return of 9%. b. Jonathan wants a return of 12%. C. Josh wants a return of 14%. d. Terry wants a return of 19%. a. If Theo wants a return of 996, what price should he be willing to pay? S (Round to the nearest cent )