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Energenistic Inc. issued perpetual preferred stock that pays a $9.50 annual dividend and has a required rate of return equal of 10.5%. What is the

Energenistic Inc. issued perpetual preferred stock that pays a $9.50 annual dividend and has a required rate of return equal of 10.5%. What is the intrinsic value of the preferred stock? Select one: a. $9.48 b. $110.53 c. $90.48 d. $100.00

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