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What should be the prices of the following preferred stocks if comparable securities yield 6 percent? Use Appendix B and Appendix D to answer the questions. Round your answers to the nearest cent. MN, Inc., $12 preferred ( $100 par) CH, Inc., $12 preferred ( $100 par) with mandatory retirement after 11 years What should be the prices of the following preferred stocks if comparable securities yield 12 percent? Round your answers to the nearest cent. MN, Inc., $12 preferred ( $100 par) s. CH, Inc., $12 preferred (\$100 par) with mandatory retirement after 11 years $ 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 In which case was the price more volatile? While the prices of both preferred stocks , the price of the was more volatile. Interest Factors for the Present Value of One Dollar Time Perio (e.9. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline ar) & 1% & 2% & 3% & 406 & 5% & 6% & 7% & 83 & 9% & 10% & 12% & 14% & 15% & 16% & 18% & 20% & 24% & 28% \\ \hline 1 & 990 & 980 & 971 & 962 & 952 & 943 & .935 & 926 & 917 & 909 & 893 & .877 & 870 & 862 & 847 & 833 & .806 & 781 \\ \hline 2 & 980 & 961 & 943 & 925 & 907 & .890 & .873 & .857 & .842 & 826 & .797 & 769 & 756 & 743 & 718 & .694 & 650 & .610 \\ \hline 3 & 971 & 942 & 915 & 889 & .864 & 840 & .816 & .794 & .772 & .751 & .712 & .675 & 658 & 641 & 609 & 579 & .524 & 477 \\ \hline 4 & 961 & .924 & .889 & 855 & 823 & .792 & .763 & .735 & 708 & .683 & .636 & 592 & 572 & 552 & 516 & .482 & .423 & .373 \\ \hline 5 & 951 & 906 & 863 & 822 & .784 & .747 & .7 & .681 & .650 & 621 & .567 & .519 & .497 & .476 & .437 & 402 & 341 & .291 \\ \hline 6 & .942 & .888 & .838 & .790 & .746 & .705 & .666 & .630 & 596 & 564 & .507 & .456 & .432 & 410 & .370 & 335 & 275 & .227 \\ \hline 7 & 933 & 871 & .813 & .760 & 711 & .665 & .623 & 583 & 547 & .513 & 452 & .400 & 376 & 354 & 314 & .279 & .222 & .178 \\ \hline 8 & 923 & .853 & .789 & .731 & .677 & .627 & 582 & .540 & .502 & .467 & .404 & 351 & 327 & .305 & .266 & .233 & .179 & .139 \\ \hline 9 & 914 & .837 & .766 & .703 & 645 & 592 & 544 & 500 & .460 & .424 & 361 & .308 & 284 & .263 & 226 & 194 & .144 & 108 \\ \hline 10 & 905 & 820 & .744 & .676 & .614 & 558 & .508 & .463 & 422 & .386 & 322 & .270 & 247 & 227 & 191 & 162 & .116 & 085 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline .896 & 804 & .722 & .650 & .585 & 527 & .475 & .429 & .388 & 350 & .287 & .237 & 215 & .195 & .162 & .135 & .094 & .066 \\ \hline .887 & 788 & .701 & .625 & 557 & 497 & .444 & 397 & .356 & 319 & .257 & 208 & .187 & .168 & .137 & .112 & .076 & 052 \\ \hline .879 & .773 & 681 & .601 & 530 & .469 & .415 & .368 & .326 & .290 & .229 & .182 & .163 & .145 & .116 & .093 & .061 & .040 \\ \hline 870 & .758 & .661 & 577 & .505 & .442 & .388 & 340 & 299 & .263 & .205 & .160 & .141 & .125 & .099 & .078 & .049 &, 032 \\ \hline .861 & .743 & 642 & .555 & 481 & .417 & 362 & 315 & .275 & .239 & .183 & .140 & .123 & .108 & .084 & .065 & .040 & .025 \\ \hline 853 & .728 & .623 & .534 & .458 & .394 & .339 & .292 & .252 & .218 & .163 & .123 & .107 & .093 & .071 & .054 & .032 & 019 \\ \hline 844 & .714 & .605 & .513 & .436 & 371 & 317 & .270 & .231 & .198 & .146 & .108 & .093 & .080 & .060 & .045 & .026 & .015 \\ \hline .836 & .700 & .587 & .494 & .416 & 350 & 296 & 250 & 212 & .180 & .130 & .095 & .081 & .069 & .051 & .038 & .021 & .012 \\ \hline 828 & .686 & .570 & .475 & 396 & .331 & .276 & 232 & .194 & .164 & .116 & .083 & .070 & .060 & .043 & 031 & 017 & 009 \\ \hline 820 & .673 & .554 & 456 & 377 & .312 & .258 & 215 & .178 & .149 & .104 & .073 & .061 & .051 & .037 &, 026 & 014 & .007 \\ \hline 100 & .610 & 478 & 375 & 295 & .233 & .184 & 146 & .116 & .092 & .059 & .038 & .030 & .024 & .016 & .010 & .005 & \\ \hline 74. & .552 & 412 & 308 & 231 & .174 & .131 & .099 & 075 & .057 & .033 & .020 & .015 & 012 & .007 & .004 & 12 & 00 \\ \hline \end{tabular} Intaract Fantore for the Present Value of an Annuity of One Dollar
