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Instructions Show WR Hoidings issued 8,000,000 Class A preferred shares at $30 per share. These shares pay a quarterly dividend of $0.50. They currently have

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Instructions Show WR Hoidings issued 8,000,000 Class A preferred shares at $30 per share. These shares pay a quarterly dividend of $0.50. They currently have an effective rate yielding 6.5%. What is the preferred share intrinsic value? Show or explain your work

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