Connie Swimwear recently issued $75 par value preferred stock that pays a 7% dividend rate per year. The stock has a beta of 1.09. The current risk-free rate is 2.40% and the market return is 11.80%. Assuming that CAPM holds, what is the intrinsic value of this preferred stock? $43.94 $43.28 $43.74 $42,67 $41.52