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Van Buren, Inc., currently pays $2.05 per share in dividends on its common stock. Dividends are expected to grow at 5.00% per year forever. If

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Van Buren, Inc., currently pays $2.05 per share in dividends on its common stock. Dividends are expected to grow at 5.00% per year forever. If you require a 14.00% rate of return (ie, the discount rate) on this investment, what value would you place on a share of Van Buren common stock? Assume that the current dividend was just paid. Submit Answer format: Currency: Round to: 2 decimal places. Bad Investment Incorporated has promised" investors to pay a $4.00 per year dividend in perpetuity. If investors want a 16.00% retum on this stock based on the risk, what intrinsic value of the stock today? Submit Answer format: Currency: Round to: 2 decimal places

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