Earley Corporation issued perpetual preferred stock with a 10% annual dividend. The stock currently yields 9%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? $ b. Suppose interest rates rise and pull the preferred stock's yield up to 11%. What is its new market value? Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 5% per year. If Do = $3 and rs = 12%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent