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eBook Earley Corporation issued perpetual preferred stock with a 9% annual dividend. The stock currently yields 7%, and its par value is $100, Round your

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eBook Earley Corporation issued perpetual preferred stock with a 9% annual dividend. The stock currently yields 7%, and its par value is $100, Round your O answers to the nearest cent. o a. What is the stock's value? D. Suppose interest rates rise and pull the preferred stock's yield up to 12%. what is its new market value

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