Thirsty cactus corp just paid a dividend of 155 per share, Ask an Expert

Finance

Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 8 years and then level off to a 7 percent growth rate indefinitely.

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

A) $134.97 B) $137.67 C) $109.28 D) $2.38

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92312130

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