a roblem 7-11 Valuing Preferred Stock [LO 1 Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dvidend p you require a return of 10.5 percent on this stock, how much should you pay today? (Do not round intermediate calculations and round your answer to 2 decimal urrent stock priceS per year, but the first dividend will not be paid undil 20 years from today places, e.g.32.16.)