Thirsty cactus corp just paid a dividend of 150 per share, Ask an Expert

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Thirsty Cactus Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 35 percent for the next 6 years and then level off to a 6 percent growth rate indefinitely. Required: If the required return is 13 percent, what is the price of the stock today?

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Financial Management, Finance

Category:- Financial Management
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