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E-Eyes. com has a new issue of preferred stock it calls 17/17 preferred. The stock will pay a $17 dividend per year, but the first

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E-Eyes. com has a new issue of preferred stock it calls 17/17 preferred. The stock will pay a $17 dividend per year, but the first dividend will not be paid until 17 years from today. If you require a 7.75 percent return on this stock, how much should you pay today

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