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Ezzell Corporation issued perpetual preferred stock with a 17.00% annual dividend. The stock currently yields 14.00%, and its par value is $100. a. What is

Ezzell Corporation issued perpetual preferred stock with a 17.00% annual dividend. The stock currently yields 14.00%, and its par value is $100.

a. What is the stock's value?

b. If interest rates rise the price of the preferred stock will _____.

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