North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $9 per share. With the pas: time, ylelds have changed from the original 8 percent to 5 percent (yield is the same as required rate of return). a. What was the original issue price? Note: Do not round intermediate calculations. Round your answer to 2 de places. b. What is the current value of this preferred stock? Note: Do not round intermediate calculations. Round your answer to 2 decimal places