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You are considering buying a share of preferred stock which you plan to hold for 1 8 years, then sell. It has a 1 4

You are considering buying a share of preferred stock which you plan to hold for 18 years, then sell. It has a 14.17% annual dividend, $23.69 par value and you require 14.62% return at the present moment. At the time you sell, the required return is in the market is expected to be 7.03%. At what price should you expect to sell the stock at the end of year 18?
Enter your answer as a number with four decimal places and without the currency symbol. For example, if your answer is $90.1234, enter 90.1234

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