North Pole Cruise Lines Issued preferred stock many years ago. It carries a fixed dividend of $12 per share. With the passage of time, yields have changed from the original 9 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 cIf the yield on the Standard & Poor's Proferred Stock Index decines how will thence of the preferred stock be affected? The price of preferred stock will increase The price of preferred stock will decrease