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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $19 in perpetuity, beginning 11 years from now. If the
E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $19 in perpetuity, beginning 11 years from now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $185.67 $316.67 $167.98 $166.82 $176.83
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
