please help me get this answer correct

bell signment: Ch 9 Assignment Q Search this Assignment Score: 50.00% mestions Problem 9.08 (Preferred Stock Valuation) Save Submit Assignment for Grading Question 4 of 8 Check My Work (No more tries available) eBook Earley Corporation issued perpetual preferred stock with an 8% annual dividend. The stock currently yields 10%, and its par value is $100. Round your answers to the nearest cent. a. What is the stock's value? $ 800 b. Suppose interest rates rise and pull the preferred stock's yield up to 13%. What is its new marke 615.38 lue? $ Hide Feedback Incorrect Check My Work (No more tries available) de 12. AM 10/4/2020