A preferred stock pays a 3% dividend yield on a redemption value of $40, what is its value using a cost of equity of 2.5%? What is the value if the cost of equity goes up 100 basis points? 9.

9. A preferred stock pays a 3% dividend yield on a redemption value of $40, what is its value using a cost of equity of 2.5% ? What is the value if the cost of equity goes up 100 basis points