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Compute the intrinsic value of a preferred share given the following information: A Canadian life insurance company has an issue of 4.5 percent, $26.00 par

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Compute the intrinsic value of a preferred share given the following information: A Canadian life insurance company has an issue of 4.5 percent, $26.00 par value, perpetual, non-convertible, non-callable preferred shares outstanding. The required rate of return on similar issues is 4.13 percent. (Enter your answer as a number rounded to two decimal places, like this: 12.34) Type your

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