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Brian owns a corn dog stand that will generate $69,000 per year forever, but since corn dogs are out of favor, the first cash flow
Brian owns a corn dog stand that will generate $69,000 per year forever, but since corn dogs are out of favor, the first cash flow won't occur until 8 years from today. Suppose he wants out of the corn dog business and decides to sell the stand to a friend. If the discount rate is 4%, what is TODAY's fair price for Brian's corn dog stand? Enter your answer as a positive number rounded to the nearest dollar. You invest $14,000 in a 2-stock portfolio today. You put 25\% of your money in Farmer Stock and the other 75% in Freeman Stock. If Farmer and Freeman have returns of 10.9% and 7.6%, respectively, over the next year and neither stock pays a dividend, what the dollar value of your portfolio at the end of the yound the nearest dollar
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