Assume that Company XYZ just paid the dividend of $1 on its preferred stock (trailing over last 12 months). Given the required rate of return of 12%, what is the intrinsic stock price value?

Assume that Company XYZ just paid the dividend of $1 on its' preferred stock (trailing over last 12 months). Given the required rate of return of 12%, what is the intrinsic stock price value? $27 $25 $8.33 $15.66