What is the current value of the stock

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Reference no: EM13868338

Casino Inc. expects to pay a dividend of $3 per share at the end of year 1 (D1) and these dividends are expected to grow at a constant rate of 6% per year forever. If the required rate of return on the stock is 18%, what is the current value of the stock today?

$25

$50

$100

$54

Reference no: EM13868338

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