Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $11 in perpetuity, beginning 16 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $11 in perpetuity, beginning 16 years from now. If the market requires a return of 4.1 percent on this investment how much does a share of preferred stock cost today? (Do nor round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price

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