2. What would the prices of the following preferred stock if comparable securities yield 6% ? a. $5 preferred (\$100 par) b. \$5 preferred (\$100 par) with a mandatory retirement after 20 years 3. You are considering purchasing the preferred stock of a firm but are concerned about its capacity to pay the dividend. Compute the times-preferred-dividend-earned ratio for the years 2011, 2012, and 2013 from the following information in thousands of dollars