Problem 14-03 What should be the prices of the following preferred stocks if comparable securities yield 2 percent? Use Appendix B and Appendix D to answer the questions. Round your answers to the nearest cent. MN, Inc., $9 preferred ($150 par) $ CH, Inc., 59 preferred ($150 par) with mandatory retirement after 15 years What should be the prices of the following preferred stocks if comparable securities yield 4 percent? Round your answers to the nearest cent. MN, Inc., $9 preferred ($150 par) $ CH, Inc., 59 preferred ($150 par) with mandatory retirement after 15 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 -Select- In which case was the price more volatile? fall I raise While the prices of both preferred stocks -Select- , the price of the -Select- was more volatile. decline incline preferred stock mandatory -retirement