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 $2.36 per share, having grown at a 11.00 percent compound annual 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 Toys's dividends are expected to grow at 5.00 percent per year What is the current value of a share of Pac Pac Toys common stock if your required return is 16.00 percent? Submit Answer format: Currency Round to 2 decimal places
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