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Business, 20.11.2019 17:31 andybiersack154

Inet library issued $85 par value preferred stock that pays a 7.25% dividend rate per year. the stock has a beta of 1.13. the current risk-free rate is 2.1% and the market return is 11.2%.

assuming that capm holds, what is the intrinsic value of this preferred stock?

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