Check My Work eBook Problem 14-01 Big Oil, Inc. has a preferred stock outstanding that pays a $6 annual dividend. If investors' required rate of return is 10 percent, what is the market value of the shares? Round your answer to the nearest cent. $ If the required return declines to 8 percent, what is the change in the price of the stock? Round your answer to the nearest cent. The price -Select- by s Check My Work