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E-Eyes com has a new Issue of preferred stock It calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first

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E-Eyes com has a new Issue of preferred stock It calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. Required: If you require a 9.50 percent return on this stock how much should you pay today? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)

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