Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $10 in perpetuity, beginning 7 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $10 in perpetuity, beginning 7 years from now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $110.84 $123.37 $117.49 $111.62 $166.67

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