What is the value (today's price) of a preferred stock that pays an annual dividend of $3.31 when the required rate of return is 8.1 percent? What is the value when the required rate of return changes to 6.4 percent and 11.8 percent? The value of a preferred stock that pays an annual dividend of $3.31 when the required rate of return is 8.1 percent would be $. (Round to the nearest cent.) When the required rate of return changes to 6.4 percent, the value of the preferred stock would be $ (Round to the nearest cent.) When the required rate of return changes to 11.8 percent. the value of the preferred stock would be s 7