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 willing to pay for the returns they want? a. Theo wants a return of 10% b. Jonathan wants a return of 12% c. Josh wants a return of 15% d. Terry wants a return of 19% a. If Theo wants a return of 10%, what price should he be willing to pay? (Round to the nearest cent.)