Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 5 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 5 years from now.

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 5 years from now. If the market requires a 7 percent return on this investment, how much does a share of preferred stock cost today? $173.15 $194.54 $185.27 $242.86 $176.01

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