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The preferred stock of Dallas platinum exchange has a par value of $ 6 6 and pays at 9 % dividend per year. Calculated a

The preferred stock of Dallas platinum exchange has a par value of $66 and pays at 9% dividend per year. Calculated a beta of 1.02 for the stock. The risk free rate is 4.66% in the market return is 9.2%. Assuming that CAPM holds, what is the intrinsic value of this preferred stock?

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