Yankee Athletic Club has preferred stock with a par value of ​$ and an annual ​% cumulative dividend. Given the following prices for the preferred​ stock, what is each investor seeking for his or her​ return? a. Alex is willing to pay ​$. b. Derek is willing to pay ​$. c. Marcia is willing to pay ​$. d. Johnny is willing to pay ​$. a. If Alex is willing to pay ​$ for the preferred​ stock, what rate of return is he​ seeking?