Question
E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $12 in perpetuity, beginning 8 years from now. If the
| E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $12 in perpetuity, beginning 8 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
$40.39
$47.50
$45.23
$100.00
$42.97
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
