h11: Chapter 11 Homework i Saved Help Save & Exit Submit Check my work 2 Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 10 percent yield at the time of issue. The preferred stock is now selling for $69. 10 points What is the current yield or cost of the preferred stock? (Disregard flotation costs.) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) eBook Current yield %