6:50 1 docs.google.com EDZ Corporation issued perpetual preferred stock with a 15% annual dividend. The stock currently yields 7% and its par value is $200 13. What is the stock's value of EDZ corporation? A) $2.14 B) $428.57 C) 428.57% D) None of the above 14. Suppose interest rates rise and pull the preferred stock's yield up to 13%. What is its new stock market value of EDZ corporation? A) $230.7 B) $15.3 C) $371.4 D) None of the above Page 7 of 12 Back Next