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Q1 Q2 You want a seat on the board of directors of Boulevard Bolt, Incorporated. The company has 300,000 shares of stock outstanding and the
Q1 Q2 You want a seat on the board of directors of Boulevard Bolt, Incorporated. The company has 300,000 shares of stock outstanding and the stock sells fo $67 per share. There are currently 8 seats up for election. The company uses straight voting. How many shares do you need to guarantee that you will be elected to the board? You are considering purchasing stock in Nolo Bed \& Breakfast. The company has indicated that it will increase its dividend at 3.6 percent indefinitely. The company just paid a dividend of $2.35 and your required return on the stock is 10.8 percent. What is the price per share of the company's stock? Round to the nearest penny
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