You are seeking a fixed-payment investment and find an issue of preferred stock of Con Ed that pays $250 per year. From Corp Finance 101, you remember that calculation of preferred stock is similar to calculation of a 'perpetuity' -- that the Value of the Perpetuity is equal to the Dividend Payment divided by the Interest Rate. If the appropriate interest rate on similar investments is currently 5%, what is the value of the Con Ed preferred stock? (Please enter a '$' sign in front of your answer).