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E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $11 annual dividend in perpetuity, beginning 5 years from now. If the

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $11 annual dividend in perpetuity, beginning 5 years from now. If the market requires a 0.11 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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