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Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to...

Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 35 percent for the next 8 years and then level off to a 7 percent growth rate indefinitely.
Required :
If the required return is 13 percent, what is the price of the stock today?

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jeff jeffy answered 2 years ago
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