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eBook Earley Corporation issued perpetual preferred stock with an 11% annual dividend. The stock currently yields 6%, and its par value is $100. Round your

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eBook Earley Corporation issued perpetual preferred stock with an 11% annual dividend. The stock currently yields 6%, and its par value is $100. Round your answers to the nearest cent 2. What is the stock's value? Suppose Interest rates rise and pull the preferred stock's yield up to 15 What is its new market value

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