Suppose an investor is considering purchasing a preferred stock paying 10% annually in preferred dividends. Suppose the investor's required rate of return is 10.3%. the par value of the preferred stock is $100. What would the investor pay for the preferred stock? Select one: O a. None O b. $100 O C. $110 O d. $97.09 Ma

Suppose an imvestor is considering purchasing a preferred stock paying 10% annually in preferred dividends suppose the ifwestor's required rate of retum is 10,396 , the par value of the pretered stock is 5100 . What would the investor pay for the preferied stock? Select one a. None b. 5100 c $110 d. $97.09