E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in prepetuity, beginning 11 years from now.

If the market requires 12 percent return on this investment, how much does a share of preferred stock cost today?

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 11 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 $45.61 O $47.89 $141.67 $40.73 $43.33