barnes air conditioning inc. has two classes of preferred stock floating rate preferred stock and straight (normal) preferred stock. both issues have a par value of $100. the floating rate preferred stock pays an annual dividend yield of 4 percent and the straight preferred stock pays 5 percent. since the issuance of the two securities interest rates have gone up by 2.50 percent for each issue. Both securities will pay their year end dividend today. A. What is the rate of the floating rate preferred stock likely to be? will the stock be: less than, greater than, or close to par? B. what is price of the straight preferred stock? Please show the work.