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9. Valuing preferred stock company into bankruptcy. common stockholders and, as with common stock, preferred stockholders can benefit from an appreciation in the value of the firm. Consider the following case of Wellington Industries: share. What is the value of Wellington's prefered stock? $100.00 per share $89.56 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 13.94%. The value of the prefered stock will