Question
1)Casey's Sports Books currently pays a $2.30 common stock dividend.Dividends have been recently growing at a 12% annual rate and are expected to continue growing
1)Casey's Sports Books currently pays a $2.30 common stock dividend.Dividends have been recently growing at a 12% annual rate and are expected to continue growing at this rate for the next 3 years.Thereafter the growth rate is expected to be 5% for the foreseeable future.What is the current value of Casey's common stock to an investor requiring an 14% rate of return?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
