Yankee Athletic Club has preferred stock with a par value of $100 and an annual 8% cumulative dividend. Given the following prices for the preferred stock, what is each investor seeking for his or her return?

a. Alex is willing to pay $35.

b. Derek is willing to pay $30.

c. Marcia is willing to pay $15.

d. Johnny is willing to pay $10.

a. If Alex is willing to pay $35 for the preferred stock, what rate of return is he seeking?

_______% (Round to two decimal places)

b. If Derek...

c. If Marcia...

d. If Johnny.....