What should be the prices of the following preferred stocks if comparable securities yield 2 percent? Use calculator to answer the questions. Round your answers to the nearest cent.

MN, Inc., $6 preferred ($80 par) $

CH, Inc., $6 preferred ($80 par) with mandatory retirement after 8 years $ W

hat should be the prices of the following preferred stocks if comparable securities yield 4 percent? Round your answers to the nearest cent.

MN, Inc., $6 preferred ($80 par) $

CH, Inc., $6 preferred ($80 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.