Oriole Energy Company has issued perpetual preferred stock with a stated $($par$)$ value of $$100$ and a dividend of $4\mathrm{.}5$ percent. If the required rate of return is $9\mathrm{.}00$ percent, what is the stock's current market price? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$