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Brookman's High Roller Casinos currently pays a $5.00 common stock dividend. Dividends have been recently growing at a 12 percent annual rate and are expected
Brookman's High Roller Casinos currently pays a $5.00 common stock dividend. Dividends have been recently growing at a 12 percent annual rate and are expected to continue growing at this rate for the next four years. Thereafter, the growth rate is expected to be 6 percent for the foreseeable future. What is the current value of Brookman's High Roller Casinos common stock to an investor requiring a 15 percent rate of return?
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