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E - Eyes.com has a new issue of stock it calls 2 0 2 0 preferred. The stock will pay a $ 2 0 dividend

E-Eyes.com has a new issue of stock it calls 2020 preferred. The stock will pay a $20 dividend per year, forever, but the first dividend will not be paid until 20 years from today. If you require a return of 9 percent on this stock,
What should the price be today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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