Question: E - Eyes.com just issued some new 2 0 / 2 0 preferred stock. The issue will pay an annual dividend of $ 2 6

E-Eyes.com just issued some new 20/20 preferred stock. The issue will pay an annual dividend of $26 in perpetuity, beginning 15 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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