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Business, 29.07.2020 21:01 hannahhh565

DJ Industries has outstanding $70 par value preferred stock that pays a 7.75% dividend rate per year. You estimate that the stock has a required discount rate of 18%. What is the intrinsic value of this preferred stock?

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DJ Industries has outstanding $70 par value preferred stock that pays a 7.75% dividend rate per year...
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