Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $12 in perpetuity, beginning 7 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $12 in perpetuity, beginning 7 years from now. If the market requires a 9 percent return on this investment, how much does a share of preferred stock cost today?

Multiple Choice $83.48 $72.94 $133.33 $75.53 $79.50

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