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Suppose you own 300 shares of CDEs preferred stock. The fair price of RM100 preferred share is RM86 each and pays a dividend of RM4

Suppose you own 300 shares of CDEs preferred stock. The fair price of RM100 preferred share is RM86 each and pays a dividend of RM4 per share on each quarter. If you require 15 percent return, what is the intrinsic value of the preferred stock?

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