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A firm has preferred stock outstanding. This stock has made constant dividend payments of $7.40....

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Accounting

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A firm has preferred stock outstanding. This stock has made constant dividend payments of $7.40. This stock has a beta of 1.5, the risk free rate is 4.7% and the market risk premium is 6.1%. Assuming this trend continues indefinetly, what is the intrinsic value of the stock in 14 periods, just after the 14 th dividend is paid

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