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4. Problem 9.18 (Preferred stock Valuation elook Enely Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 8%, and its

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4. Problem 9.18 (Preferred stock Valuation elook Enely Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently yields 8%, and its par value i5100. Round your answers to the nearest cent What is the stocke's value? $ b. Suppone interest rates rise and pull the preferred stock's yield up to 11% What is its new market value

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