Business, 07.06.2020 04:01, krystenlitten

E-Eyes just issued some new preferred stock. The issue will pay an annual dividend of $14 in perpetuity, beginning 6 years from now. If the market requires a 12 percent return on this investment, how much does a share of preferred stock cost today?

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E-Eyes just issued some new preferred stock. The issue will pay an annual dividend of $14 in perpetu...