Question: PLEASE SHOW WORK AND FORMULAS What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations

PLEASE SHOW WORK AND FORMULAS

What should be the prices of the following preferred stocks if comparable securities yield 7 percent? Why are the valuations different? a. MN, Inc., $8 preferred ($100 par) b. CH, Inc., $8 preferred ($100 par) with mandatory retirement after 20 years

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