12. North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the passage of time, yields have soared from the original 6 percent to 14 percent a) What was the original issue price? b) What is the current value of this preferred stock? 13. Analogue Technology has preferred stock outstanding that pays a $ 10 annual dividend. It has a price of $86. What is the required rate of return on the preferred stock? 14. Bio Science, Inc., will pay a common stock dividend of $3.25 at the end of the year. The required return on common stock is 12 percent. The firm has a constant growth rate of 8 percent. Compute the current price of the Stock