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Brookmans High Roller Casinos Corp. currently pays a $5.00 common stock dividend per share. Dividends have been recently growing at a 12.00% annual rate and
Brookmans High Roller Casinos Corp. currently pays a $5.00 common stock dividend per share. Dividends have been recently growing at a 12.00% annual rate and are expected to continue growing at this rate for the next four years. Thereafter, the constant growth rate is expected to be 6.00% forever. What is the value of Brookmans High Roller Casinos Corp. common stock to an investor requiring 15.00% rate of return today?
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$72.91
$71.62
$70.44
$69.19
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