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Electric Wear Inc.s shares of preferred stock promise a ten-dollar dividend (annually)- with payments starting only 7 years from now. Assuming a 6% discount rate,
Electric Wear Inc.s shares of preferred stock promise a ten-dollar dividend (annually)- with payments starting only 7 years from now. Assuming a 6% discount rate, how much would you pay for a share of Electric Wear's preferred stock today?
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