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Question of the Week - Equity
You are provided with the following information on a
non-callable, non-convertible preferred stock:
- Face value: £65.00
- Annual dividend: £6.35
- Maturity: Perpetual
- Embedded options: None
- Required rate of return: 8.75%
The intrinsic value of this stock is closest to:
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Question of the Week - Equity 14 votes