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Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $ 2 . 3 0 per
Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $ per share, having grown at a percent compound annual rate over the past years. That growth rate is expected to be maintained for the next years, after which dividends are expected to grow at half that rate for years. Beyond that time, Pac Pac Toyss dividends are expected to grow at percent per year. What is the current value of a share of Pac Pac Toys common stock if your required return is percent?
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