Current Attempt in Progress Waterway Mechanical Ltd's preferred shares have a par value of $50, a dividend rate of 7.0 percent, and trade at a price of $70 Wildhorse inc's preferred shares have a par value of $60, have a dividend rate of 4.8 percent, and trade at a price of $45. Which company's preferred stock is riskier? (Round answers to 2 decimal places, e.g. 5.17\%.)