Please explain how to get this answer Based on the following information concerning Ford preferred stock, Preferred dividend per share: $9 Beta:85…

Please explain how to get this answer

Based on the following information concerning Ford preferred stock,

     Preferred dividend per share: $9

     Beta: 0.85

     Risk free rate: 5%

     Market risk premium: 6%

Calculate the expected price in 4 years. You expect the risk free rate to decrease to 3% and the market risk premium to increase to 10% in 4 years. 

a. $78.26

b. $76.43

c. $74.22

d. $80.65