A Canadian life insurance company has an issue of 4.80 percent, $25 par value, perpetual, nonconvertible, noncallable
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A Canadian life insurance company has an issue of 4.80 percent, $25 par value, perpetual, nonconvertible, noncallable preferred shares outstanding. The required rate of return on similar issues is 4.49 percent. The intrinsic value of a preferred share is closest to:
A. $25.00.
B. $26.75.
C. $28.50.
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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