Question

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $17 annual dividend...

E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $17 annual dividend in perpetuity, beginning 10 years from now.

   

Required :

If the market requires a 10 percent return on this investment, how much does a share of preferred stock cost today?

$75.70

$68.49

$65.54

$72.10

$170.00

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Answer #1

Lo yean isioland 4 11 170 65.5465.5 aus of

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