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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $12 in perpetulty, beginning 7 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 $12 in perpetulty, beginning 7 years from now. If the market requires a 9 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $133 33 $7950 $72.94 $75 53

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