book Problem 14-03 What should be the prices of the following preferred stocks if comparable securities yield 2 percent Use Appendix and Appendix D to answer the questions. Round your answers to the nearest cent MN, Inc., 57 preferred (5110 par) $ 350 $ CH, Inc., 57 preferred ($110 pory with mandatory retirement after 8 years 175 What should be the prices of the following preferred stocks if comparable securities yield 8 percent Round your answers to the nearest cent MN, Inc., 57 preferred ($110 par) 87.5 CH, Inc. $7 preferred ($110 par) with mandatory retirement after 8 years $ 142.02 In which case did the price of the stock change As with the valuation of bonds, an increase in interest rates causes the value of preferred stock to all in which case was the price more volte While the prices of both preferred stocks declined the price of the perpetual preferred stock was more volatile