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. The holder of each share of Willow Windmill Company preferred stock expects to receive a dividend of $1.79 quarterly (every three months). If a

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. The holder of each share of Willow Windmill Company preferred stock expects to receive a dividend of $1.79 quarterly (every three months). If a rational purchaser would require a 7.85% compounded annual rate of return (in EAR terms), at what price would we expect each share to be sold? (Be sure to carry computations out several decimal places for accuracy.) A. $91.21 B. $115.57 C. $93.85 D. $375,41 E. $112.54 Reset Selection

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