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E - Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $ 2 0 in perpetuity, beginning 6 years

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $20 in perpetuity, beginning 6 years from now.
If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today?
Multiple Choice
$190.38
$285.71
$203.71
$193.52
$213.90

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