Co. X issued preferred stock many yrs ago. It carries a fixed dividend of 6$ per share. Over time, yields have soared from the original 6% to 14%

A. what is the original issue price?
B. What is the current value of the this preferred stock?
C. If the yield on the standard & poor's preferred stock index declines, how will the price of the preferred stock be affected?

Kind Regards,

Candy

1)
cost of preferred stock kp = D/SV
6% = 6/SV
SV = 6/6%
SV = price of preferred stock = $100
2)
14% = 6/SV
SV = 6/14%
Price of preferred stock = $42.86
3)
no idea