6-25. The Lummer Corporation has preferred stock outstanding that pays a dividend of $2.00 per share annually. Required rates of return on preferred of this risk category recently rose from 10 percent to 12 percent. What will the new price of this preferred stock be? 6-26. The Wilder Company has an issue of preferred stock outstanding that pays a dividend of $1.50 per share. The current price of this preferred stock is $15. What is the required rate of return on this security?