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Otteride Corp. preferred stock pays a fixed dividend of $16.48 per share every year. If investors require a 23.26% rate of return on stocks with

Otteride Corp. preferred stock pays a fixed dividend of $16.48 per share every year. If investors require a 23.26% rate of return on stocks with similar risk characteristics, what is the intrinsic value per share? Round two decimals.

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