Thirsty cactus corp just paid a dividend of 130 per share, Ask an Expert

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Thirsty Cactus Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 35 percent for the next 7 years and then level off to a 8 percent growth rate indefinitely.

Required :

If the required return is 12 percent, what is the price of the stock today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92687864

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