The preferred stock of Dallas Platnium Exchange has a par value of $$47$ and pays a $9\%$ dividend rate per year. You calculated a beta of $0\mathrm{.}89$ for the stock. The risk free rate $4\mathrm{.}57\%$ and the market return is $9\mathrm{.}2\%.$ Assuming that CAPM holds, what is the intrinsic value of this preferred stock?