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E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $8 annual dividend in perpetuity, beginning 15 years from now. If themarketrequires

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $8 annual dividend in perpetuity, beginning 15 years from now. If themarketrequires a 0.13 return on this investment, how much does a share of preferred stock cost today? Enter the answer with 2 decimals (e.g. 45.45).

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