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., $12 preferred ($110 par) CH, Inc., $12 preferred ($110 par) with mandatory retirement after 4 years What should be the prices of the following preferred stocks if comparable securities yield 12 percent? Round your answers to the nearest cent. MN, Inc., $12 preferred ($110 par) CH, Inc., $12 preferred ($110 par) with mandatory retirement after 4 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 perpetual preferred stock was more volatile