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The preferred stock of Sunshine Distribution, Ltd . will pay a dividend of $ 6 . 2 5 per share in the upcoming year and
The preferred stock of Sunshine Distribution, Ltd will pay a dividend of $ per share in the upcoming year and every year thereafter, that is dividends are not expected to grow. If Sunshines market capitalization rate is what is the intrinsic value of the preferred stock? Enter your answer rounded to two decimal places.
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