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Eartey Corporntion issued perpetual preferred stock with a 12% annual dividend. The stock currently ylelds 9%, and its por vafue is sioo. Aound vaur ansumers

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Eartey Corporntion issued perpetual preferred stock with a 12% annual dividend. The stock currently ylelds 9%, and its por vafue is sioo. Aound vaur ansumers to the itarast cant. a. What is the stock value? b. Subnobe interest rates rise and pull the preferred stock's yield up to 12%. What is its new market value

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