Preferred stock is often called a hybrid security because it has some characteriatics that are typical of debt and others that are typical of common equity. The following table lists several characteristics of preferred stock. Determine which of these characteristics are consistent with debt securities and which are consistent with common stock, Consider the case of Cute Camel Woodcraft Company: Cute Camei Wooderaft Company pays an annual dividend rate of 14.00% on its preferred stock that currentiy returns 19.839h and has a par value of $100,00 per share. The preferred stock issue dees not mature, and computes its annual dividend as the product of its dividend rate and its par value. What is the current markat value of Cute Camel's preferred stock? 565.67 per ahare 5x02.99 per share 174.63 pet shate 300.60 per shaie This is hecause interest rates (and security retarns) and security values are related