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E- Eyps com has a new issive of preferred stock it calls 20/20 prefered. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from todoy. if you require a retum of 7.75 percent on this stock, how much should you pay todsy? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16