Score: 0 of 1 pt 2 of 13 (0 complete) HW Score: 0%, 0 of 13 pts Problem 8-3 (similar to) Question Help (Preferred stock valuation) What is the value of a preferred stock when the dividend rate is 13 percent on a $100 par value? The appropriate discount rate for a stock of this risk level is 9 percent. The value of the preferred stock is $ (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer ? All parts showing Clear All Check