X-Tech Company issued preferrestock many years ago It carries a fixed dividend of $11 per share with the passage of time, ylelds have changed from the original 7 percent to 12 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 c. If the yield on the Standard & Poor's Preferred Stock Index declines how will the price of the preferred stock be affected? The price of preferred stock will increase The price of preferred stock will decrease