Thirsty cactus corp just paid a dividend of 140 per share, Ask an Expert

Finance

Thirsty Cactus Corp. just paid a dividend of $1.40 per share. The dividends are expected to grow at 30 percent for the next 6 years and then level off to a 9 percent growth rate indefinitely.

Required :

If the required return is 14 percent, what is the price of the stock today?

Please show work and if using a formula on Excel, please share that, as well.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92411860

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