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Drk Question 7 You are attempting to calculate the intrinsic value of a share of preferred stock. The stock is a 7.00% issue of $50

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Drk Question 7 You are attempting to calculate the intrinsic value of a share of preferred stock. The stock is a 7.00% issue of $50 par value stock with an expected rate of return to you of 8,5% and it is currently selling for $40.00. What is your intrinsic value? Round your answer to the nearest penny. $44.12 $66.18 $41.18 $85.00 556,67 $60.71 $53.33

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