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., $5 preferred ($130 par)

$ = ?

CH, Inc., $5 preferred ($130 par) with mandatory retirement after 7 years

$ = ?

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

MN, Inc., $5 preferred ($130 par)

$ = ?

CH, Inc., $5 preferred ($130 par) with mandatory retirement after 7 years

$ = ?