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Bon Temps is a constant growth company whose last dividend was $2 and whose dividend is expected to grow indefinitely at a 6% rate. The

Bon Temps is a constant growth company whose last dividend was $2 and whose dividend is expected to grow indefinitely at a 6% rate. The rate of return for Bon Temps' stock is 16%. Supposed that normally, Bon Temps' P/E ratio is 20x. Estimate the market price per share for Bon Temps' common stock.

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