What is intrinsic value of this preferred stock

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Reference no: EM131352689

Delta Rockets recently issued $80 par value preferred stock that pays an annual dividend of $16. Based on your research, you estimate that the stock has a required rate of 17.5%. What is the intrinsic value of this preferred stock?

$91.43

$89.52

$93.13

$84.66

$83.66

Reference no: EM131352689

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