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E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 6 years from now. Required: If

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 6 years from now.

Required: If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today?

$142.79

$145.14

$160.42

$152.78

$214.29

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