Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $9 in perpetuity, beginning 12 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $9 in perpetuity, beginning 12 years from now. If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $22.64 $19.25 $75.00 $20.48 $21.56

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