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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $23 in perpetuity. If the market requires a return of

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $23 in perpetuity. If the market requires a return of 5.2 percent on this investment, how much does a share of preferred stock cost today? Enter answer to 2 decimal places

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