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ZZZ-Best, Inc. recently issued $65 par value preferred stock that pays an annual dividend of $17. If the stock is currently selling for $76, what

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ZZZ-Best, Inc. recently issued $65 par value preferred stock that pays an annual dividend of $17. If the stock is currently selling for $76, what is the expected return of this preferred stock? 22.37% 22.94% 0 24.42% O 20.27% O 22.60% Your broker has recommended that you purchase stock in National Bank & Trust, Inc. National Bank & Trust recently paid its annual dividend of $5. Dividends have consistently grown at a rate of 3.1%. Based on your analysis, you estimate that the stock has a required return of 19.5%. What is the intrinsic value of this stock? $31.43 O $31.76 O $30.71 O $33.45 $31.04 Your broker has recommended that you purchase stock in National Bank & Trust, Inc. National Bank & Trust recently paid its annual dividend of $18. The firm has an ROE of 15% and pays out 50% of its earnings as dividends. Analysts estimate that the stock has a beta of 1.01. The current risk-free rate is 2% and the market return is 11%. Assuming that CAPM holds, what is the intrinsic value of this stock? O $539.00 O $551.34 O $512.01 O $513.43 $500.66

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