13 1 point Compute the intrinsic value of a preferred share given the following information: A Canadian life insurance company has an issue of 4.4 percent, $42.00 par value, perpetual, non-convertible, non-callable preferred shares outstanding. The required rate of return on similar issues is 4.84 percent. (Enter your answer as a number rounded to two decimal places, like this: 12.34) Type your answer... Previous Next