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(3.] 15 Points You have just learned that Burger Records has purchased the lifetime distribution rights to the music of a new band called The

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(3.] 15 Points You have just learned that Burger Records has purchased the lifetime distribution rights to the music of a new band called The French Fries. Based upon this good news, you*ve estimated that Burger Records should earn $4.50 in profits per share next year. You also think that future prots should increase by 3.9% a year indenitely. As a knowledgeable investor, you've determined that your required rate of return on an investment in Burger Records is 14.5%. (a) Estimate. via a calculation. the correct price of Burger Records common stock. (10 points} ([1) Estimate, via calculation. the correct price of the stock if you did not anticipate any increase in profits over time (5 Points}

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