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E-eyes just issued some new preffered stock. the issue will pay an annual dividend of $15 in perpetuity, begining 6 years from now. If the

E-eyes just issued some new preffered stock. the issue will pay an annual dividend of $15 in perpetuity, begining 6 years from now. If the market requires a 12 percent return on this investment, how much does a share of preffered stock cost today?

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