Earley Corporation issued perpetual preferred stock with a 12% annual dividend. The stock currently vields 8%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? b. Supposo interest rates rise and pull the preferred stock's yold up to 14%. What is its new market value Carnes Cosmetics Co.'s stock price is $49, and it recently paid a $1.00 dividend. This dividend is expected to grow by 25 for the next years, then grow forever at a constant rate, 9; and r. 15%. At what constant rate is the stock expected to grow after Year 37 Do not round Intermediate calculations. Round your answer to two decimal places % Grade it Now Save & Continue