Back to Assignment Attempts Average / 3 1. Problem 14-01 eBook Problem 14-01 Big Oil, Inc. has a preferred stock outstanding that pays a $8 annual dividend. If investors required rate of return is 10 percent, what is the market value of the shares? Round your answer to the nearest cent. $ k If the required return declines to 7 percent, what is the change in the price of the stock? Round your answer to the nearest cent. The price -Select- by $ 1 Grade it Now Save & Continue Continue without saving