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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $20 in perpetulty, beginning 10 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 $20 in perpetulty, beginning 10 years from now. If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $145.24 $145.24 $285.71 5147.64 $155.41 $16318

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