Casino inc expects to pay a dividend of 3 per share at the, Financial Management

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Casino inc expects to pay a dividend of 3 per share at the

Casino Inc. expects 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 the current value of the stock today?

$25

$50

$100

$54

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Financial Management: Casino inc expects to pay a dividend of 3 per share at the

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Financial Management: Casino inc expects to pay a dividend of 3 per share at the

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