Chernobai & Chernobai has the type of stock known as "preferred stock". The company is planning to pay dividend once a year in the amount of $6.40 on each share. However, the first dividend will be paid 14 years from now! Calculate today's price per share of this stock if the required return equals 4.14 %. Multiple Choice $84.12 $154.59 $148.44 $91.23 $87.61