The dividends are expected to grow

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Thirsty Cactus Corp just paid a dividend of 1.60 per share. The dividends are expected to grow at 25 percent for the next 7 years and then level off to a 6 percent growth rate indefinitely. format to 4 decimal places. Required: If the required return is 14 percent, what is the price of the stock today?

Reference no: EM131050885

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