You are interested in buying the preferred stock of a bank that pays a dividend of $1.65 every quarter. If you discount such cash flows at 6 percent, what is the value of this stock? (Round answer to 2 decimal places, e.s. 15.25.) Value of the stock You are interested in buying the preferred stock of a bank that pays a dividend of $1.65 every quarter. If you discount such cash flows at 6 percent, what is the value of this stock? (Round answer to 2 decimal places, e.s. 15.25.) Value of the stock