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A preferred stock investment will pay you an annual $100 dividend on the same day each year, The dividends will begin 8 years from today

A preferred stock investment will pay you an annual $100 dividend on the same day each year, The dividends will begin 8 years from today and go on forever. How much is this investment worth today if the required rate is 10% ? Enter answer in dollars to fwo decimals with no $ sign

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