Thirsty cactus corp just paid a dividend of 145 per share, Ask an Expert

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Thirsty Cactus Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 30 percent for the next 10 years and then level off to a 6 percent growth rate indefinitely.

Required :

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

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9870954

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