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Dimensions Corporation's preferred stock recently paid its annual dividend of $6.75 per share. The par value of the preferred stock is $100. Investors require a

Dimensions Corporation's preferred stock recently paid its annual dividend of $6.75 per share. The par value of the preferred stock is $100. Investors require a 9% rate of return on this stock. What is the intrinsic value of the preferred stock? 

a) $1,000 

b) $100 

c) $833 

d) $75 

e) $1,111

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