E - Eyes.com has a new issue of preferred stock it calls 2 0 / 2 0
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Question:
EEyes.com has a new issue of preferred stock it calls preferred. The stock will pay a $ dividend per year, but the first dividend will not be paid until years from today.
If you require a return of percent on this stock, how much should you pay today? Do not round intermediate calculations and round your answer to decimal places, eg
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