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15. E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15...

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15. E-Eyes.com Bank just issued some new preferred stock. The issue will pay a $15 annual dividend in perpetuity, beginning 6 years from now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today? A $176.24 B. $177.47 C. $250.00 D. $186.81 E. $196.16 16. What is the payback period for the following set of cash flows? Year Cash Flow 0 -$ 2,600 2,100 2,500 1,900 4 2,600 1 2 3 A. 1.22 years B. 1.50 years C. 1.26 years D. 1.15 years E. 1.20 years

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