Question: E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $16 in perpetuity, beginning 9 years from now. If the

E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $16 in perpetuity, beginning 9 years from now. If the market requires a 10 percent return on this investment, how much does a share of preferred stock cost today? Multiple Choice $70.91 $78.37 $67.86 $160.00 $74.64

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