Barnes Air Conditioning Incorporated 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 1.00 percent for each issue. Both securities will pay their year-end dividend today. o. What is the price of the floating rate preferred stock most likely to be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. b. What is the price of the straight preferred stock likely to be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Swank Clothiers earned $910 million last year and had a 15 percent payout ratio. How much did the firm add to its retained earnings? Note: Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., \$1,234,000). Time Watch Corporation has $76 million in earnings and is considering paying $8.60 million in interest to bondholders and $6.80 million to preferred stockholders in dividends. Use Table 17-4. What are the bondholders' contractual claims to payment? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places (e.g., $1.23 million should be entered as "1.23")