What is the price of the stock 14 years from today

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Reference no: EM132204073

eCommerce.com has a new issue of preferred stock it calls 15/15 preferred. The stock will pay a $15 dividend per year, but the first dividend will not be paid until 15 years from today. The required return on the stock is 8 percent.

  1. What is the price of the stock 14 years from today?
  2. What is the price of the stock today?

Reference no: EM132204073

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