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E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $ 21.6 in perpetuity, beginning 16 years from now. If
E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $ 21.6 in perpetuity, beginning 16 years from now. If the market requires a return of 4 percent on this investment, how much does a share of preferred stock cost today?
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