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What is the intrinsic value of a share of preferred stock that pays $2.15 dividend if the required ROE is 8%? -$25.12 -$26.88 -$20.25

  1. What is the intrinsic value of a share of preferred stock that pays $2.15 dividend if the required ROE is 8%?

-$25.12

-$26.88

-$20.25

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