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E-Eyes.com Bank just issued some new preferred stock. The issue will pay an annual dividend of $22.. 1 answer below » E-Eyes.com Bank just issued some new preferred stock. The issue will pay an annual dividend of $22 in perpetuity, beginning 11 years from now. If the market requires a return of 3.6 percent on this investment, how much does a share of preferred stock cost today? Sep 11 2015 03:36 PM