t or f$,$ The National Bank of Columbia has issued perpetual preferred stock with a $$100$ par value. The bank pays a annual dividend of $$3\mathrm{.}10$ on this stock. Assume that a required rate of return of this stock is $8\mathrm{.}2$ percent. Then, the current price of this preferred stock is $$37\mathrm{.}80.($Round your answer to two decimal places.$)$