Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports...
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Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $2.61 per share, having grown at a 13.00 percent compound annuni rate over the past 5 years. That growth rate is expected to be maintained for the next 2 years after which dividends are expected to grow at half that rate for 3 years. Beyond that time. Pac Pac Toya's dividends are expected to grow at 4.00 percent per year. What is the current value of a share of Pac Pac Toys common stock if your required return is 10.00 percent? Answer Format Currency: Round to: 2 decimal places
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