E-eyescom bank just issued some new preferred stock the


E-Eyes.com Bank just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 6 years from now. If the market requires a return of 3.1 percent on this investment, how much does a share of preferred stock cost today?

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Finance Basics: E-eyescom bank just issued some new preferred stock the
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