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Question 18 --/1 View Policies Current Attempt in Progress Wildhorse Energy Company has issued perpetual preferred stock with a stated (par) value of $100 and

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Question 18 --/1 View Policies Current Attempt in Progress Wildhorse Energy Company has issued perpetual preferred stock with a stated (par) value of $100 and a dividend of 5.5 percent. If the required rate of return is 10.00 percent, what is the stock's current market price? (Round answer to 2 decimal places, e.g. 15.25.) Current market price $

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