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Business, 16.12.2019 22:31 Sanyam231

Conor airlines inc. recently issued $50 par value preferred stock that pays a 8.25% dividend rate per year. yahoo. finance shows that the stock has a beta of 0.97. the current risk-free rate is 2.50% and the market return is 11%. assuming that capm holds, what is the intrinsic value of this preferred stock?

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