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1. Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $2.00 yesterday. Bahnsen's dividend is

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1. Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $2.00 yesterday. Bahnsen's dividend is expected to grow at 5% per year forever. The appropriate discount rate investor's required rate of return on Bahnsen & Co. common stock) is 12%. What is Bahnsen & Co common stock's current intrinsic value

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