Question
33?? I need the full answers and help please! Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate
33?? I need the full answers and help please! Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 15.00% for the next two years and 4.00% thereafter. Yesterday the corporation paid a dividend of $1.02. If the required rate of return is 8.00%, what is the intrinsic value of the stock? Answer format: Currency: Round to: 2 decimal places. Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $2.83 per share, having grown at a 10.00 percent compound annual rate over the past 5 years. That growth rate is expected to be maintained for the next 2 years, after which dividends are expected to grow at half that rate for 3 years. Beyond that time, Pac Pac Toys's dividends are expected to grow at 4.00 percent per year. What is the current value of a share of Pac Pac Toys common stock if your required return is 15.00 percent? Answer format: Currency: Round to: 2 decimal places
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