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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 12 years from now. If the

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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 12 years from now. If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $38.69 $4276 $141.67 $40.73 $36.36

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