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Question
Casino Inc. is expected to pay a dividend of $3 per share at the end of year-1 (D1) and these dividends are expected to grow at a constant rate of 6% per year forever. If the required rate of return on the stock is 18%, what is current value of the stock today?
A. $25
B. $50
C. $100
D. $54
Answer
This answer is hidden. It contains 44 characters.
Related questions
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