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E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $10 annual dividend in perpetuity, beginning 8 years from now. If the

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E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $10 annual dividend in perpetuity, beginning 8 years from now. If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today? $38.80 $37.70 $35.50 $35.00 $36.60

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