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The preferred stock of Dallas Platinum Exchange has a par value of $ 6 6 and pays a 7 % dividend rate per year. You
The preferred stock of Dallas Platinum Exchange has a par value of $ and pays a dividend rate per year. You calculated a beta of for the stock. The riskfree rate is and the market return is Assuming that CAPM holds, what is the intrinsic value of this preferred stock? DO NOT ENTER THE $ SIGN.ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, ie IF YOUR ANSWER IS ENTER IT AS ONLY
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