Help Save & Exit Subm An issue of common stock is selling for $57.80. The year-end dividend is expected to be $3.35, assuming a constant growth rate of 5%. What is the required rate of return? (Round your answer to 1 decimal place.) North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $9 per share. With the passage of time, yields have changed from the original 10 percent to 7 percent yield is the same as required rate of return). a. What was the original issue price? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Original issue price b. What is the current value of this preferred stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current value