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several years ago, rolen riders issued preferred stock with a stated annual dividend of 12% of its $100 par value. preferred stock of this type currently yields 10%. assume dividends are paid annually. what is the estimated value of rolen's preferred stock? round your answer to the nearest cent. $ suppose interest rate levels have risen to the point where the preferred stock now yields 13%. what would be the new estimated value of rolen's preferred stock? round your answer to the nearest cent. $