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A Coquihalla Corporation preferred share pays an $8 dividend in perpetuity. You require a 7% return on this stock. Using the constant-growth DDM to calculate

A Coquihalla Corporation preferred share pays an $8 dividend in perpetuity. You require a 7% return on this stock. Using the constant-growth DDM to calculate the intrinsic value, a Coquihalla Corporation preferred share is worth __________.

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