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Roosha Company preferred stock pays an annual dividend of $5.33 and is expected to remain constant for the forseeable future. If investors' required rate of
Roosha Company preferred stock pays an annual dividend of $5.33 and is expected to remain constant for the forseeable future. If investors' required rate of return on this stock is 13.03%, what is the intrinsic value per share?Round your answer to two decimal places (Ex. $0.00)
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