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Winners Casino currently pays a $2.20 common stock dividend. Dividends have been recently growing at 3% annual rate and are expected to continue to grow
Winners Casino currently pays a $2.20 common stock dividend. Dividends have been recently growing at 3% annual rate and are expected to continue to grow at this rate for the next two years. Thereafter, the growth rate is expected to be 0% for the foreseeable future what is the current value of Winners Casino common stock to an investor requiring a 17% rate of return? Fill out the following information:
Dividend:
Return on Investment:
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