Achi Corp. has preferred stock with an annual dividend of $ 3.07$3.07. If the required return on? Achi's preferred stock is 7.7 %7.7%?, what is its? price? ?(?Hint: For a preferred? stock, the dividend growth rate is? zero.)Achi Corp. has preferred stock with an annual dividend of $ 3.07$3.07. If the required return on? Achi's preferred stock is 7.7 %7.7%?, what is its? price? ?(?Hint: For a preferred? stock, the dividend growth rate is? zero.)