E$-$Eyes.com just issued some new $20/20$ preferred stock. The issue will pay an annual dividend of $$12$ in perpetuity, beginning $17$ years from now. If the market requires a return of $4\mathrm{.}2$ percent on this investment, how much does a share of preferred stock cost today? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper.

$\backslash$table$[[52-$WEEK,,,VOLUME,NET$],[$HI$,$LO$,$STOCK $($DIV$),$YLD $\%,$PE$,100$s$,$CLOSE,CHANGE$],[119\mathrm{.}32,72\mathrm{.}55,$RJW $2\mathrm{.}10,2\mathrm{.}2,19,10,??,-\mathrm{.}69]]$

a$.$ What was the closing price for this stock that appeared in yesterday's paper? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If the company currently has $16$ million shares of stock outstanding, what was net income for the most recent four quarters? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$\backslash$table$[[$a$.$ Yesterday's closing price,$],[$b$.$ Net income,$]]$

You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper.

$\backslash$table$[[52-$WEEK,,,VOLUME,NET$],[$HI$,$LO$,$STOCK $($DIV$),$YLD $\%,$PE$,100$s$,$CLOSE,CHANGE$],[119\mathrm{.}32,72\mathrm{.}55,$RJW $2\mathrm{.}10,2\mathrm{.}2,19,10,??,-\mathrm{.}69]]$

a$.$ What was the closing price for this stock that appeared in yesterday's paper? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If the company currently has $16$ million shares of stock outstanding, what was net income for the most recent four quarters? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$\backslash$table$[[$a$.$ Yesterday's closing price,$],[$b$.$ Net income,$]]$

You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper.

$\backslash$table$[[52-$WEEK,,,VOLUME,NET$],[$HI$,$LO$,$STOCK $($DIV$),$YLD $\%,$PE$,100$s$,$CLOSE,CHANGE$],[119\mathrm{.}32,72\mathrm{.}55,$RJW $2\mathrm{.}10,2\mathrm{.}2,19,10,??,-\mathrm{.}69]]$

a$.$ What was the closing price for this stock that appeared in yesterday's paper? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ If the company currently has $16$ million shares of stock outstanding, what was net income for the most recent four quarters? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$\backslash$table$[[$a$.$ Yesterday's closing price,$],[$b$.$ Net income,$]]$