International Imports (I2) pays an annual dividend rate of 11.00% on its preferred stock that currently returns 14.74% and has a par value of $100.00 per share. What is the value of 12's preferred stock? $89.56 per share $100.00 per share $111.94 per share $74.63 per share Suppose that due to high inflation interest rates rise and pull the preferred stock's yield to 19.16%. The value of the preferred stock will _________