Yankee Athletic Club has preferred stock with a par value of $60 and an annual 6% cumulative dividend Given the following prices for the preferred stock, what is each investor seeking for his or her return? a. Alex is wiling to pay $40. b. Derek is wiling to pay $30. c. Marcia is willing to pay $20. d. Johnny is wiling to pay $5. a. If Alex is willing to pay $40 for the preferred stock, what sate of return is he seeking? \% (Round to two decimal places)