eBook Problem 14-01 Bio Oil, Inc. has a preferred stock outstanding that pays a $5 annual dividend. If investors' required rate of return is 5 percent, what is the market value of the shares? Round your answer to the nearest cent $ If the required return dedines to 3 percent, what is the change in the price of the stock? Round your answer to the nearest cent. The price by $ Grade it Now Save & Continue Continue without saving Attempus, 1. Problem 14-01 eBook Problem 14-01 Big Oil, Inc. has a preferred stock outstanding that pays a $5 annual dividend. I investors' required rate of return is 5 percent, what is the market value of the shares? Round your answer to the nearest cent. $ If the required return declines to 3 percent, what is the change in the price of the stock? Round your answer to the nearest cent. by $ The price Increase cres Save & Continue Grade it Now Continue without saving