If the yield on the Standard & Poor’s Preferred Stock Index declines, how
Will the price of the preferred stock be affected?

If the yield declines will it affect the preferred stock?

July
2 Invested $32,000 cash and $14,000 of equipment in the business
2 Hired a secretary at a salary of $290 per week, payable monthly.
3 Purchased supplies on account $700 (debit an asset account)
7 Paid office rent of $600 for the month
11 Completed a tax assignment and billed client $1,100 for services rendered
12 Received $3,200 advance on a management consulting engagement
17 Received cash of $2,300 for services completed for Ferengi Co.
21 Paid insurance expense $110
30 A count of supplies indicated that $120 of supplies had been used.
30 Paid secretary $1,160 for the month
Couldn't figure this out