Pianx Corp issued preferred stock that pays an annual dividend of $7 per share. Yields have changed from the original 9 percent to 8 percent a. What was the issue price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 53 Original issue price b. What is the security's current value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current value c. If the yield on the preferred stock declines oave the next year, how will the price of the preferred stock be affected? The price of preferred stock will increase The price of preferred stock will decrease an