EXPLIAN OF VALUING PREFERRED STOCK (LO1) E-EYES.com bank just issue some new preferrer stock the…

EXPLIAN OF VALUING PREFERRED STOCK (LO1) E-EYES.com bank just issue some new preferrer stock the issue will pay an annual dividend of $20 in perpetuity beginning 20years from now. if the market requires a return of 5.8percent on this investment, how much does a share of preferred stock cost today?