Calculating the stock intrinsic value


Wayne's Steaks, Inc., has a 9 percent, noncallable, $100-par-value preferred stock issue outstanding. On January 1 the market price per share is $73. Dividends are paid annually on December 31. If you require a 12% annual return on this investment, what is this stock's intrinsic value to you ( on a per share basis) on january 1?

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Finance Basics: Calculating the stock intrinsic value
Reference No:- TGS052495

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