share. Similar$-$risk preferred stocks are currently earning an annual rate of return of $9\mathrm{.}1\%.$

a$.$ What is the market value of the outstanding preferred stock? stocks has risen to $10\mathrm{.}4\%?$

a$.$ The market value of the outstanding preferred stock is $ per share. $($Round to the nearest cent.$)$

b$.$ If the required return on similar$-$risk preferred stocks has risen to $10\mathrm{.}4\%,$ the value of the stock will be $$$ per share. $($Round to the nearest cent.$)$ per share. $($Round to the nearest cent. Enter a positive number for a gain and a negative number for a loss.$)$