Problem 14-03 What should be the prices of the following preferred stocks if comparable securities yield 8 percent? Use Appendix B and Appendix D to answer the questions. Round your answers to the nearest cent. MN, Inc., $9 preferred ($130 par) $ CH, Inc., $9 preferred ($130 par) with mandatory retirement after 7 years $ What should be the prices of the following preferred stocks if comparable securities yield 14 percent? Round your answers to the nearest cent. MN, Inc., $9 preferred ($130 par) $ CH, Inc., $9 preferred ($130 par) with mandatory retirement after 7 years $ In which case did the price of the stock change? As with the valuation of bonds, an increase in interest rates causes the value of preferred stock to fall In which case was the price more volatile? While the prices of both preferred stocks declined the price of the 1 perpetual preferred stock was more volatile