Suppose Lancashire Railway Company (LRC) pays an annual dividend rate of 10.40% on its preferred stock that currently returns 13.94% and has a par value of $100.00 per share. What is the value of LRC's preferred stock? $100,00 per share $111.91 per share O $74.51 per share 589.53 per share Suppose that there is high unemployment, which causes interest rates to fall, which in turn pulls the preferred stock yield to 8.3546. The value of the preferred stock will