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Tarpon Bay Industries preferred stock pays an annual didend of $150 per share the risk.ee rate is 25%, the expected return on the market is

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Tarpon Bay Industries preferred stock pays an annual didend of $150 per share the risk.ee rate is 25%, the expected return on the market is 8%, and Tarpon Bay's preferred stock is only one and one quarter as sky as the market on average, what is the most that an investor should be willing to pay for a share of Tarpon Bay preferred stock TODAY O A $16.00 OB. $18.75 OC. $1257 OD. $10.75

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