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Blue Mechanical Ltd . ' s preferred shares have a par value of $ 5 0 , a dividend rate of 9 . 0 percent,

Blue Mechanical Ltd.'s preferred shares have a par value of $50, a dividend rate of 9.0 percent, and trade at a price of $60. Kingbird Inc.'s preferred shares have a par value of $60, have a dividend rate of 5.6 percent, and trade at a price of $40.
Which company's preferred stock is riskier? (Round answers to 2 decimal places, e.g.5.17%.)
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