What should be the current market value (present value) of a preferred stock that pays an annual dividend of $10 and has a required rate of return of 10.3%?

What should be the current market value (present value) of a preferred stock that pays an annual dividend of $10 and has a required rate of return of 10.3%?

What should be the current market value (present value) of a preferred stock that pays an annual dividend of $10 and has a required rate of return of 10.3%?