How do I value this preferred stock in my EV calculation
How should I value the following preferred stock in my EV calculation?
Series J 8.38% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,847.
The balance sheet shows $42,748 against the above entry. I am not sure if I should use the liquidation value, the balance sheet number or some other value in my Enterprise Value calculation for this company.
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