If you purchase shares of preferred stock and interest rates on similar risk securities later go up, what will happen to the market value of your stock?

Name: If you purchase shares of preferred stock and interest rates on similar risk securities later go up, what will happen to the market value of your stock?
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When interest rates rise, the market value of preferred stock typically decreases because the fixed dividend payments become less attractive compared to the new higher-yielding securities.

If You Purchase Shares of Preferred Stock and Interest Rates