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., $7 preferred ($110 par)

$

CH, Inc., $7 preferred ($110 par) with mandatory retirement after 8 years

$

What should be the prices of the following preferred stocks if comparable securities yield 8 percent? Round your answers to the nearest cent.

MN, Inc., $7 preferred ($110 par)

$

CH, Inc., $7 preferred ($110 par) with mandatory retirement after 8 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?

While the prices of both preferred stocks

-Select-

, the price of the

-Select-

was more volatile.

Book Problem 14-03 What should be the prices of the following preferred stocks comparable securities yield 2 percent? Use Appendix 3 and Appendix D to answer the questions, Round your answers to the nearest cent MN, Inc, 37 preferred (5110 par CH, Inc., 17 preferred ($110 par) with mandatory retirement after $ What should be the prices of the following preferred stochat comparable securities yield percant? Round your answers to the newest cent MN, Inc., 57 preferred (110) CK 87 referred ($110 per with mandatory retirement after years $ In whion case the price of the stock change As with the valuation of bonds, and increase in interest rates causes the value of preferred Mock to in which case was the price more While the prices of both gredo the price of the V srevolt Interest Factors for the Present Value of One Dollar 3% 5% Time Period leg. year) 1 2 3 4 5 971 1% 990 980 971 961 951 2% 980 961 942 924 906 952 907 962 925 889 855 822 943 915 889 863 6%, 943 890 840 .792 .747 7% 935 873 816 763 713 864 8% 926 857 794 735 .681 9% 917 842 .772 708 650 10% 909 820 .751 683 621 12% 893 797 .712 636 567 14% 877 .769 675 592 519 15% 870 756 658 572 .497 16% 862 .743 641 552 476 18% 847 718 609 516 437 20% 833 .694 579 482 402 24% 28% 806 781 650 610 524 477 423 373 341 291 823 784 6 7 8 9 10 942 1933 923 564 .513 888 871 853 837 820 838 .813 789 766 744 222 178 790 760 731 703 676 746 711 677 1645 .614 705 665 627 592 558 .666 .623 582 544 508 596 547 502 630 583 540 500 463 507 452 404 361 322 432 376 327 467 456 400 351 308 270 914 410 354 305 263 227 370 314 266 226 191 335 279 233 194 162 275 222 179 144 116 139 460 422 905 424 386 284 242 108 OBS 350 287 257 066 319 11 12 13 14 15 052 896 887 879 .870 361 804 788 773 758 743 .722 701 681 661 642 .650 .625 601 577 555 1585 557 530 505 481 527 497 .469 .442 417 475 444 415 388 362 429 397 368 340 315 388 356 326 299 275 229 290 1263 239 237 208 182 160 140 215 187 163 141 123 195 168 145 125 108 162 .137 116 099 084 135 112 093 078 065 094 076 061 049 040 205 183 040 032 025 16 17 18 19 20 071 060 853 1844 836 828 820 728 714 700 686 673 623 605 587 570 554 534 513 494 475 456 458 436 .416 396 377 394 375 350 331 312 339 317 296 276 258 292 270 250 232 252 231 212 194 218 198 180 164 149 163 146 130 116 104 123 108 095 083 073 107 093 081 070 061 093 OBO 069 060 051 051 .054 045 038 031 026 032 026 021 017 014 019 015 012 009 007 215 178 043 037 25 780 610 478 375 295 233 184 146 116 092 059 038 030 024 016 010 005 002 30 742 552 412 308 231 174 131 099 075 057 033 020 015 2012 2007 2004 002 .001 Interest Factors for the Present Value of an Annuity of One Dollar Time Period * YAI 1% 25 39 4% 5% 7% B% 9% 10% 12% 14% 164 18% 20% 24% 28% 32 1 0.990 0.980 0.971 0.962 0.952 0943 0.935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 2 1970 1942 1913 1.886 1859 1.833 1808 1.783 1759 1736 1690 1647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 3 2.941 2.884 2.829 2.775 2.723 2673 2.624 2.577 2531 2.487 2.402 2.322 2.246 2174 2.106 1.981 1868 1766 1674 4 3.902 3.808 3.717 1.630 3.546 3.465 3.387 3.312 3.240 2.1703.037 2.914 2.798 2690 2.589 2404 2.241 2.096 1966 S 4,853 4713 4580 4.452 4329 4.212 4.100 3993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 6 5.795 5.601 5.417 5.242 5.076 4917 4.766 4.6234.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2399 7 6.728 6.472 6.230 6,002 5.786 5.582 5.389 5.206 5.033 4868 4.564 4.288 4.039 3.812 3.605 3.242 2937 2.678 2.455 7.6527325 7020 6.733 6.463 6.210 5.971 57475.535 5.335 4968 4.639 4.344 4.078 3.837 3.421 30762786 2.540 8.566 8.162 7.786 7435 2108 6.802 6.515 6.247 5.985 5.759 5328 49464.607 4 303 4.031 3.566 3.184 2.868 2603 10 9.471 8.983 8.530 8.111 7.722 7360 7024 6.710 6.618 6.145 5.650 5.216 4833 4.494 4.193 3682 2269 2.930 2.650 11 10.368 9.787 9.253 8.760 8.306 78877499 7139 6805 6 495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.078 2683 12 11 255 10575 9.5 9.385 8.863 8.384 7943 7536 2.161 6,814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 2012 2.708 13 12:134 11 348 10.635 9.986 9.394 8.534 8.358 7904 7487 7.103 6.424 5.842 5.342 4910 45 30121427 3040 2.727 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7367 6,628 6.002 5.468 5.008 4,611 3.962 3.459 3.061 2.740 15 13.865 12.849 11998 11.118 10.3809712 9.108 8.559 8.060 7606 6811 6.142 5575 5.092 4.675 4,001 3.483 3.076 2.750 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.8518312 7824 69746.265 5.660 5.162 4.7304003 3.503 3088 2.758 17 15.562 14 292 12 166 12.166.11.274 10.477 9.763 9.1228544 8.00271206,373 5.749 5.222 4.7754059 3.518 3097 2.763 18 16.398 14992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 5.818 5.273 48124.080 3.5293.104 2.767 19 17.226 15.678 14.324 13.134 12.085 11,158 10.336 9.604 8.950 8.365 7.366 6.550 5.877 5:216 484440973.539 3.109 2.770 2018.046 16.751 14.877 12.590 12 462 11.470 10.504 9.818 9.128 8.514 7469 6.623 5929 5253 4.870 4.11035463.113 2.772 25 22.023 19.523 17413 15.622 14.094 12.783 11.654 10.675 9.8239.077 78436.873 6.092 5.467 448 4.147 3564 1.122 2.776 30 25,808 22937 19.600 17.292 15373 12765 12.409 11 258 10.274 9.627 8.055 7.003 6.177 5.517 4.9794.160 3.569. 3.124 2.778