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E-Eyes.com has a new issue of preferred stock it calls 16/16 preferred. The stock will pay a $16 dividend per year, but the first dividend

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E-Eyes.com has a new issue of preferred stock it calls 16/16 preferred. The stock will pay a $16 dividend per year, but the first dividend will not be paid until 16 years from today. Required: If you require a 7.25 percent return on this stock, how much should you pay today? O $72.02 O $14.71 O $17.16 O $13.79 O $77.24

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