problem1: Fee Founders has perpetual preferred stock outstanding that sells for $38.00 per share and pays a dividend of $3.00 at the end of each year. find out the required rate of return? Give your answer to the nearest hundredth. 

problem2: Preferred stock valuation Ezzell Corporation issued perpetual preferred stock with a 11 percent yearly dividend. The stock currently yields 9%, & its par value is $100.

[A] What is the stock's value? Give your answer to the nearest hundredth.

[B] Assume interest rates rise and pull the preferred stock's yield up to 11%. find out its new market value? Give your answer to the nearest hundredth.