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2 pts Question 3 E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 16 years

2 pts Question 3 E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 16 years from now. If the market requires a 0.13 return on this investment, how much does a share of preferred stock cost today? Enter the answer with 2 decimals (e.g. 45.45)

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