E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 12 years from now. If the market requires a 7 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 12 years from now. If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today