The preferred stock of Dallas Platinum Exchange has a par value of $$62$ and pays a $5\%$ dividend rate per year. You calculated a beta of $1\mathrm{.}7$ for the stock. The risk$-$free rate is $1\mathrm{.}77\%$ and the market return is $9\mathrm{.}2\%.$ Assuming that CAPM holds, what is the intrinsic value of this preferred stock?