What should be the prices of the following preferred stocks if comparable securities yield $10$ percent? Use Appendix B and Appendix D to answer the questions. Round your answers to the nearest cent.

MN$,$ Inc., $$9$ preferred $($$$150$ par$)$

$

CH$,$ Inc., $$9$ preferred $($$$150$ par$)$ with mandatory retirement after $12$ years

$

What should be the prices of the following preferred stocks if comparable securities yield $12$ percent? Round your answers to the nearest cent.

MN$,$ Inc., $$9$ preferred $($$$150$ par$)$

$

CH$,$ Inc., $$9$ preferred $($$$150$ par$)$ with mandatory retirement after $12$ 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.