Suppose National Petroleum Refiners Corporation (NPR) pays an annual dividend rate of 11.40% on its preferred stock that currently returns 15.28% and has a par value of $100.00 per share. What is the value of NPR's preferred stock? O $74.61 per share O $100.00 per share $89.53 per share O $111.91 per share Suppose that due to high inflation, interest rates rise and pull the preferred stock's yield to 19.86%. The value of the preferred stock will