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