E-Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. The required return on the stock is 10.75 percent.

Required:

What is the price of the stock 19 years from today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Price in 19 years

$

What is the price of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current stock price

$