Tri State Pickle Company preferred stock pays a perpetual annualdividend of 2 1/2% of its par value.

Tri State Pickle Company preferred stock pays a perpetual annualdividend of 2 1/2% of its par value. Par value of TSP preferredstock is $100 per share. If investors’ required rate of return onthis stock is 15%, what is the value of per share?
A.  $6.00
B.  $16.67
C.  $37.50
D.  $15.00 QUESTION TITLE :- Tri State Pickle Company preferred stock pays a perpetual annual dividend of 2 1/2% of its par value