International Imports (12) pays an annual dividend rate of 9.40% on its preferred stock that currently returns 12.60% and has a par value of $100.00 per share, what is the value of 12's preferred stock? O $100.00 per share O $89.52 per share O $74.60 per share O $111.91 per share Suppose that there is high unemployment, which causes interest rates to fall, which in turn pulls the preferred stock's yield to 7.56%. The value of the preferred stock will